The Delhi Metro Rail Corporation has informed the Delhi High Court that it has requested the Centre and Delhi government to provide “interest-free subordinate debt” of Rs 3,565.64 crore for payment of its unpaid dues to Reliance Infrastructure’s Delhi Airport Metro Express Private Limited (DAMEPL) as per the May 2017 arbitral award.
The DMRC, in its additional affidavit of January 18, stated that on January 18, it wrote to both the Centre through the Ministry of Housing and Urban Affairs and the city government, who are equity shareholders in the corporation, to provide Rs 3,565.64 crore each as interest-free subordinate debt for complying with the directions of the Supreme Court.
