Airport Metro accounts not to be declared NPA until further orders: SC

Account would have turned NPA on June 30, top court to next hear the matter in July

The Supreme Court on Monday said that the accounts of Anil Ambani-led Reliance Infrastructure’s (RInfra’s) arm, Delhi Airport Metro Express Private Limited (DAMEPL), would not be declared a non-performing asset (NPA) until further orders. The top court was hearing a plea moved by RInfra arm in which it said that as the Delhi Metro Rail Corporation (DMRC) was the one earning revenues from the operations of the Airport Express metro line, it should be the one servicing the debts of nearly Rs 1,500 crore.

DMRC, on the other hand, contended that it had been forced to operate the metro only