RInfra subsidiary moves Delhi High Court for DMRC arbitration award

Reliance Infrastructure also added the High Court has also directed DMRC to deposit Rs 35.02 billion in an escrow account within four weeks

Anil Ambani promoted Reliance Infrastructure (RInfra) on Tuesday said its subsidiary Delhi Airport Metro Express (DAMEPL) has moved the Delhi High Court seeking execution of the Arbitration award of Rs 29.5 billion it had won against Delhi Metro Rail Corporation (DMRC).

“In its petition filed under section 36 of the Arbitration and Conciliation Act in the division bench headed by Chief Justice of Delhi HC, DAMEPL has sought an order for the execution of the award dated May 11, 2017, passed by the Arbitral Tribunal and direct DMRC to pay Rs 52 billion. This includes the principal amount of Rs