SC asks Delhi Metro to pay Rs 60 cr to Reliance Infrastructure

Tribunal heard submissions made by both the parties and, after 68 hearings, issued its final order

The Supreme Court on Monday rejected a petition filed by Delhi Metro Rail Corporation challenging the Delhi High Court Order directing it to release Rs 60 crore as interim payment to Reliance Infrastructure after the latter won a Rs 2,950 crore arbitration award against DMRC for the alleged breach of the agreement on the Airport Express line.

The apex court directed DMRC to release the interim payment to the lenders of Delhi Airport Express Pvt Ltd. (DAMEPL), a subsidiary of Reliance Infrastructure Ltd, within a week i.e by June 26.

The vacation bench of the Supreme Court in its order