‘Amazing that Govt set-up DMRC has no money to pay arbitral award to DAMEPL’
The Delhi High Court on Thursday said it is “amazing” that two elected Governments have set up Delhi Metro Rail Corporation (DMRC) which now says it has no money to pay the arbitral award to the Reliance Infrastructure-owned Delhi Metro Express Private Limited (DAMEPL).
The court asked the competent authority of DMRC to attend the proceedings so that a holistic view can be taken regarding the funds available with the corporation. “I have before me two sovereign and elected governments who have set up this corporation and we are told that it has no money to honour the award,” Justice Yashwant Varma said while listing the matter for further hearing on Friday.
