The Delhi High Court Friday directed the Centre and the city government to attend to the request of DMRC for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited.
The high court said the decision has to be taken by the Union Ministry of Housing and Urban Affairs and the Delhi government within two weeks and if the permission is accorded to the DMRC, it will deposit the entire amount payable under the award along with up-to-date interest within a period of one month.
