How will you pay DAMEPL: Delhi HC to Metro
The Delhi High Court Monday asked the Delhi Metro Rail Corporation to provide it with an answer on how it will pay the money it owes to Anil Ambani-led Reliance Infrastructure-promoted Delhi Airport Metro Express Pvt Ltd (DAMEPL).
Hearing a petition related to the 2017 arbitral award pertaining to the Delhi Airport Metro Express Line, Justice Suresh Kumar Kait said, “On the next date of hearing, I don’t want to hear anything here and there. Otherwise, you may face an unpleasant order.”
While the Reliance Infra-led company is praying that the DMRC be asked to forthwith deposit Rs 6,305.40 crores into the Project Escrow Account, the DMRC has earlier told the court it has only a total of 6,208.03 crores in its bank accounts which includes about Rs 1,014.69 crore earnings.
