Why expand operations when you don’t have funds, Delhi HC asks DMRC
The Delhi High Court Monday asked the Delhi Metro Rail Corporation (DMRC) why it was expanding its operations when it does not have the money, while seeking details regarding its bank accounts, fixed deposits, and the annual balance sheet of 2021.
The court was hearing Reliance Infrastructure-promoted Delhi Airport Metro Express Pvt Ltd’s (DAMEPL) petition for execution of the 2017 arbitral award, which pertains to the Delhi Airport Metro Express Line and which was upheld by the Supreme Court in September 2021.
“The Judgement Debtor is directed to file the balance sheet of 2020-21 and the details of fixed deposits and bank accounts and the money lying therein as on date within three days from today,” said Justice Suresh Kumar Kait in an order.
