HC to hear RInfra plea on Monday against DMRC to enforce SC order
The Delhi High Court will on Monday hear a petition by Reliance Infrastructure against Delhi Metro Rail Corporation (DMRC) to enforce a Supreme Court order for payment of Rs. 7,100 crore arbitration award to Anil Ambani company.
The Supreme Court has dismissed the review petition filed by state-owned DMRC against its order upholding an arbitral award in favour of Reliance Infrastructure’s arm, Delhi Airport Metro Express Pvt Ltd. DAMEPL previously operated the Delhi Airport Metro line.
Since the SC order was delivered on September 9, 2021, the interest liability of DMRC has already gone up by around Rs 200 crore. The Supreme Court bench headed by Justice L Nageswara Rao had quashed the Delhi High Court order that had set aside the arbitration award in favour of DAMEPL,
