The Delhi Metro Rail Corporation on Monday told the Delhi High Court that it was not in a position to pay the entire amount of the 2017 arbitral award, pertaining to the Delhi Airport Metro Express Line, to Anil Ambani-led Reliance Infrastructure-promoted Delhi Airport Metro Express Pvt Ltd (DAMEPL).
The Supreme Court in September upheld the 2017 arbitral award favouring DAMEPL.
DAMEPL has now filed a petition before the HC seeking enforcement of the arbitration award, saying that it is in a huge financial crisis and is unable to make repayments to banks and other financial institutions.
