In a significant relief to the Delhi Metro Rail Corporation (DMRC), the Supreme Court on Wednesday set aside the Rs 8,000 crore arbitral award in favour of Anil Ambani-owned Reliance Infrastructure’s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL).
The top court upheld the High Court’s division bench decision, citing patent illegality in the arbitral award.
“The amounts deposited by DMRC shall be refunded. Any amount paid by the petitioner as part of coercive action has to be refunded,” a bench led by Chief Justice of India (CJI) DY Chandrachud said.
