Delhi govt refuses to participate in arbitral award payment to RInfra

The Delhi Metro Rail Corporation (DMRC) on Wednesday said before the high court that the Delhi government will not participate in the rights issue launched by DMRC to seek equity for payment of an arbitral award of Rs 3,565.64 crore to Delhi Airport Metro Express Private Ltd (DAMEPL).

“The liability for such payment of arbitral award does not rest with GNCT of Delhi,” the Delhi government told DMRC in a letter.