Govt moves to end possibility of attachment of DMRC’s assets in RInfra case
After a warning from the judiciary, the Centre has moved to amend the Metro Railways Act to protect Delhi Metro Rail Corporation’s (DMRC’s) assets from being attached.
DMRC is in a long, legal battle with a subsidiary of Anil Ambani-owned Reliance Infrastructure (RInfra).
The Ministry of Housing and Urban Affairs has issued a draft Bill to amend Section 89 of the Act, excising the sub-section that allows courts to attach properties of Metro corporations. On March 17, the Delhi High Court handed down an order to ensure the payment of an arbitral award due for over five years.
