{"id":641294,"date":"2024-04-12T09:40:48","date_gmt":"2024-04-12T04:10:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=641294"},"modified":"2024-04-12T11:56:20","modified_gmt":"2024-04-12T06:26:20","slug":"sc-sets-aside-rs-8000-cr-arbitral-award-to-anil-ambanis-reliance-infra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-sets-aside-rs-8000-cr-arbitral-award-to-anil-ambanis-reliance-infra\/","title":{"rendered":"SC sets aside Rs 8,000 cr arbitral award to Anil Ambani&#8217;s Reliance Infra"},"content":{"rendered":"<p>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&#8217;s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL). <\/p>\n<p>The top court upheld the High Court&#8217;s division bench decision, citing patent illegality in the arbitral award. <\/p>\n<p>&#8220;The amounts deposited by DMRC shall be refunded. Any amount paid by the petitioner as part of coercive action has to be refunded,&#8221; a bench led by Chief Justice of India (CJI) DY Chandrachud said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL). The top court upheld the High Court&#8217;s division bench decision, citing patent illegality in the arbitral award. &#8220;The amounts deposited by DMRC shall be refunded. Any amount paid by the petitioner as part of coercive action has to be refunded,&#8221; a bench led by Chief Justice of India (CJI) DY Chandrachud said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-641294","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641294","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=641294"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641294\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=641294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=641294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=641294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}