{"id":489796,"date":"2022-05-06T12:32:27","date_gmt":"2022-05-06T07:02:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=489796"},"modified":"2022-05-06T12:32:27","modified_gmt":"2022-05-06T07:02:27","slug":"sc-dismisses-delhi-airport-metro-plea-in-arbitration-case-upholds-hc-order","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-dismisses-delhi-airport-metro-plea-in-arbitration-case-upholds-hc-order\/","title":{"rendered":"SC dismisses Delhi Airport Metro plea in arbitration case, upholds HC order"},"content":{"rendered":"<p>NEW DELHI: The Supreme Court on Thursday dismissed Delhi Airport Metro Express Private Limited (DAMEPL) petition for additional interest (interest on interest) payment of around Rs 1,200 crore pursuant to an arbitration case that was decided in favour of DAMEPL.<\/p>\n<p>\u201cWe are therefore of the considered view that in view of the specific agreement between the parties, the interest prior to the date of award so also after the date of award will be governed by Article 29.8 of the Concession Agreement, as has been directed by the Arbitral Tribunal. The findings recorded by the Arbitral Tribunal have reached finality in view of the judgment and order dated 9th September 2021&#8230;\u201d the top court order reads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Supreme Court on Thursday dismissed Delhi Airport Metro Express Private Limited (DAMEPL) petition for additional interest (interest on interest) payment of around Rs 1,200 crore pursuant to an arbitration case that was decided in favour of DAMEPL. \u201cWe are therefore of the considered view that in view of the specific agreement between the parties, the interest prior to the date of award so also after the date of award will be governed by Article 29.8 of the Concession Agreement, as has been directed by the Arbitral Tribunal. The findings recorded by the Arbitral Tribunal have reached finality [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,267,143],"tags":[],"class_list":["post-489796","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=489796"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489796\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=489796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=489796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=489796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}