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Supreme Court asks Delhi Metro to pay Rs 60 crore interest to DAMEPL

The arbitration tribunal had awarded it Rs 2,782.33 crore with 13.5% per annum interest

IANS  |  New Delhi 

The Supreme Court on Monday refused to interfere with a Delhi High Court order directing Delhi Metro Rail Corporation to pay Rs 60 crore towards interest liability to the lenders of Reliance Infrastructure — a joint venture partner in the Delhi airport Metro express line. Refusing to interfere with the high court order and granting DMRC a week's more time to pay the money, the vacation bench of Justice D Y Chandrachud and Justice Sanjay Kishan Kaul observed if the business partner of the government have to suffer the luxury of litigation by a public sector ...

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First Published: Mon, June 19 2017. 16:10 IST
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