The Supreme Court on Thursday upheld a Delhi High Court order directing the Delhi Metro Rail Corporation (DMRC) to pay over Rs 4,600 crore of arbitral award along with interest to the Delhi Airport Metro Express Private Limited (DAMEPL) in two equal installments in two months.
The order was passed by a bench of Justices L Nageswara Rao and B R Gavai.
The high court on March 10 had directed the DMRC to pay over Rs 4,600 crore of arbitral award along with interest to DAMEPL.
The court had said the first and second instalments shall be paid on or before April 30 and May 31 this year.
The high court’s judgement had come on DAMEPL’s execution petition filed against DMRC concerning the arbitral award in its favour.
