Page 8 - Dmrc

DMRC is lowest bidder for operation, maintenance of Mumbai Metro Line-3

DMRC outbid French transport operator Keolis, likely to get 10-year contract

DMRC 'lowest bidder' to operate, maintain Mumbai Metro's Line 3: Officials

The Delhi Metro Rail Corporation has emerged as the "lowest bidder" to operate and maintain the 33.5-km Line 3 of the Mumbai Metro, officials said on Thursday. Mumbai Metro's proposed Line 3 will run from Aarey to Cuffe Parade, covering 27 stations. The process will pave the way for the Delhi Metro Rail Corporation (DMRC) to foray into a region much beyond the National Capital Region (NCR), if it gets the job. "The Mumbai Metro Line 3 is currently under construction under the MMRDA (Mumbai Metropolitan Region Development Authority) and is expected to be operationalised in parts from the end of this year onwards," the DMRC said in a statement. Delhi Metro has emerged as the "lowest bidder to operate and maintain the 33.5-km Line 3 of the Mumbai Metro, from Aarey to Cuffe Parade covering a total of 27 stations, from the south of the western metropolis to the north", it said. DMRC outbid Keolis, a reputable public transport operator from France with experience functioning in various

DMRC writes to Centre on Reliance arbitral award high court order: Sources

Delhi Metro has asked the Centre and the city government for "further directions" on a Delhi High Court order that directed the two to help it pay dues of an arbitral award passed in favour of Delhi Airport Metro Express Private Limited, sources on Tuesday said. The DMRC sought directions in a letter dated March 28 addressed to the secretary, Union Ministry of Urban and Housing Affairs, and chief secretary, Delhi government, in separate copies, they said. DMRC officials, when contacted, did not comment on the issue. The Delhi High Court had on March 17 directed the Centre and the city government to attend to DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of DAMEPL, saying the governments cannot shirk from their liability to abide by judgements and decrees. The high court's verdict had come on an execution petition filed by Reliance Infrastructure-owned DAMEPL against the Delhi Metro

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Govt moves to end possibility of attachment of DMRC's assets in RInfra case

On March 17, the Delhi High Court handed down an order to ensure the payment of an arbitral award due for over five years

Arbitration award: DMRC urges SC for curative petition in DAMEPL matter

The Delhi Metro Rail Corporation (DMRC) has urged the Supreme Court to urgently take up its curative petition against the top court's 2021 order dismissing its plea that had sought a review of a verdict that upheld a 2017 arbitration award in favour of the Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure subsidiary, enforceable against it. Attorney General R Venkataramani told a bench headed by Chief Justice DY Chandrachud on Friday that the DMRC's curative petition was pending before the apex court since August last year. He told the court that the matter needs to be considered urgently and referred to a March 17 verdict of the Delhi High Court that directed the Centre and the city government to attend to the DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of the dues of an arbitral award passed in favour of the DAMEPL. The bench told Venkataramani that it will consider the matter soon. In Februar

DMRC seeks review of HC order on plea by DAMEPL in arbitral award case

The Delhi Metro Rail Corporation on Thursday told the Delhi High Court that attachment of its statutory expenses will result in immediate stoppage of the entire Metro network in the national capital

DMRC review petition against Reliance Infra to be heard on March 29

The order said that if permission is given to DMRC it should deposit the entire amount payable along with interest within a month

DMRC to increase operational speed of Airport line to 100 kmph from today

According to officials, the move to increase the speed will bring down the travel time between the New Delhi and IGI Airport stations from 19 minutes by around a couple of minutes

DMRC-RInfra controversy shows potential glitches in framing PPP contracts

The Public Private Partnership Appraisal Committee has cleared 79 projects with a total project cost of Rs 227,268.1 crore from FY15 to FY23, noted the latest Economic Survey

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

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

Centre, Delhi govt to help pay DMRC award money it owes to DAMEPL: HC

The Delhi High Court Friday directed the Centre and the city government to attend to the request of DMRC for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited. The high court said the decision has to be taken by the Union Ministry of Housing and Urban Affairs and the Delhi government within two weeks and if the permission is accorded to the DMRC, it will deposit the entire amount payable under the award along with up-to-date interest within a period of one month. "If the Union ministry or Delhi government decline the request for providing sovereign guarantees or subordinate debt, the Union ministry shall forthwith or at the end of two weeks revert and repatriate all monies received by it from DMRC post March 10, 2022 so as to ensure that the credit balance of the DMRC, total project and total other funds reflects the balance as it

Delhi HC reserves order on Reliance Infra arm's plea against DMRC

Says parties in the case may file written submissions by Monday

DMRC has to pay from funds lying in its account, RInfra arm tells Delhi HC

The DAMEPL counsel argued that DMRC's stance that the corporate veil cannot be lifted does not hold water since it went ahead and did just that

Revisit provision of Metro Act, ensure no asset attached, says Puri

This comes days after Delhi HC asked Centre to decide on issue of granting sanction for attaching moveable and immovable assets of DMRC

No sanction for attachment of DMRC's operational assets: Centre to Delhi HC

The court also said that the Court won't consider DMRC's future liabilities/provisions

It's amazing DMRC, formed by two govts, has no money: Delhi High Court

Attaching DMRC's assets for award will bring Delhi to a halt, Centre tells HC

Sanction to attach properties of DMRC not possible: Centre tells Delhi HC

The Delhi High Court on Thursday was informed by the Centre that it cannot give sanction for attachment of properties of Delhi Metro Rail Corporation (DMRC)

HC asks Centre to decide on attaching DMRC's assets for payment to RInfra

The court also made it clear that if the Centre refused the sanction, it has to disclose the reasons for the same, so that the Court could take a view thereon

DMRC vs Rinfra to be heard on Friday, HC tells Delhi, Union govt

Attorney General R Venkatramani, appearing for DMRC, suggested asking GNCTD and MoHUA how they would proceed in the matter