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RInfra wins big, SC upholds Rs 5,000 cr arbitral award against Delhi Metro

Supreme Court on Thursday upheld the 2017 arbitration award in favour of Reliance Infrastructure subsidiary, Delhi Airport Metro Express Pvt Ltd

Photo: Bloomberg
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Photo: Bloomberg

Megha Manchanda New Delhi
The Supreme Court (SC) on Thursday allowed a special leave petition filed by Delhi Airport Metro Express (DAMEPL), challenging the judgment of the Delhi High Court (HC) that had set aside the arbitral award to be paid by Delhi Metro Rail Corporation (DMRC). 

DAMEPL, a special purpose vehicle floated by Reliance Infrastructure, had won the Rs 2,800-crore award in 2017. "Along with interest and other costs, the amount would be over Rs 5,000 crore. DMRC would now have to pay the amount to the Anil Ambani group company," said a government official who did not want to be quoted.  

"The