Will deposit Rs 600 crore for now in Reliance Infra firm’s account: Delhi Metro to HC
The Delhi High Court Monday reserved its judgment on Reliance Infrastructure-promoted Delhi Airport Metro Express Pvt Ltd (DAMEPL)’s petition seeking enforcement of the 2017 arbitral award, which pertains to the Delhi Airport Metro Express Line. It also recorded the Delhi Metro Rail Corporation’s assurance that an amount of Rs 600 crore will be deposited in DAMEPL’s escrow account within two days.
While the Reliance Infra-led company is praying that the DMRC be asked to forthwith deposit the entire amount of Rs 6,305.40 crore into the Project Escrow Account in compliance with the arbitral award, the DMRC has disputed the number and submitted that they only owe Rs 3,305 crore after payment of Rs 1,000 crore last year.
