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Delhi HC orders DMRC to pay arbitral dues to Rinfra within a month

Tells DMRC to seek permission from Centre, Delhi govt within two weeks to pay up

DMRC, Delhi metro

Bhavini MishraPTI New Delhi
The Delhi High Court on Friday ordered the Delhi Metro Rail Corporation (DMRC) to pay the 2017 arbitral award dues with interest to Reliance Infrastructure (RInfra) arm, Delhi Airport Metro Express (DAMEPL), within a month.

In a 133-page judgment, the court directed the Centre and the Delhi government to attend to DMRC’s request for extension of sovereign guarantees or subordinate debt to help it pay its liabilities under the award. The Central and Delhi governments each hold 50 per cent shares in the DMRC.

“The Union Ministry (of Housing and Urban Development) and GNCTD (Government of National Capital Territory of

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First Published: Mar 17 2023 | 4:29 PM IST

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