SC reserves judgment on RInfra firm’s interest on interest from DMRC
Reliance Infrastructure’s arm, Delhi Airport Metro Express (DAMEPL), on Friday moved the Supreme Court seeking a direction to DMRC to pay interest on interest of around Rs 1,200 crore.
Challenging a part of the Delhi High Court’s judgment that asked Delhi Metro Rail Corporation to pay balance arbitration award amount of around Rs. 3,300 crore it owed to the firm by May 31, DAMEPL said that the only pre-award interest component awarded to it was in respect of the termination payment (TP), but the remaining claims awarded, other than TP carry interest from May 12, 2017, (the date of stamp duty) were yet to be paid.
