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DMRC-DAMEPL dispute: Will wait for a week after which law will take its course, says SCThe Supreme Court has granted a one-week extension for Delhi Metro Rail Corporation (DMRC), Reliance Infrastructure subsidiary DAMEPL, and ...- DMRC-DAMEPL dispute: Comply with order or face coercive action, SC to DAMEPL, Axis Bank officialsThe Supreme Court of India has warned Delhi Airport Metro Express Private Limited (DAMEPL) and Axis Bank of coercive measures if they do no...
- Rs 4,500 crore refund to DMRC: Supreme Court issues notices to Reliance Infra Co, Axis BankThe Supreme Court demands a response from Reliance Infrastructure's DAMEPL and Axis Bank regarding potential contempt proceedings. DMRC acc...
- Setback to Anil Ambani as SC sets aside Rs 8,000 cr arbitral award favouring Rel Infra armThe Supreme Court overturned the arbitral award which was in favor of Anil Ambani's Reliance Infrastructure's metro arm, Delhi Airport Metr...
- Metro Rail Act may be amended to prevent attachment of assetsThe proposed tweaks come in the light of Reliance Infra controlled DAMEPL’s dispute with DMRC. Under the proposed amendment, no rolling sto...
- Arbitration award: DMRC urges SC to consider curative petition in DAMEPL matterThe top court had, on September 9, 2021, upheld the 2017 arbitration award enforceable against the DMRC and said there was a disturbing ten...
- Delhi Metro floats rights issue worth Rs 7,131 crore to pay DAMEPL duesFunds raised would be used to pay the dues of Anil Ambani-controlled Delhi Airport Metro Express Private Limited (DAMEPL). Delhi Metro plan...
- Clearing airport metro dues will hit ops, DMRC tells HCOn September 6, the high court had ordered DMRC to pay DAMEPL's dues within four weeks. DAMEPL is seeking total payment of ₹6.872.28 crore,...
- DMRC yet to pay Rs 4,500 crore to Reliance Infrastructure companyThe payment was to be made by Tuesday, as per the court order. DMRC declined to comment, saying that the matter was subjudice.The Delhi HC,...
- Reliance Infra's DAMEPL requests HC to direct DMRC to deposit Rs 6,208 cr into escrow account without delayReliance Infrastructure had infused Rs 2513 crores to DAMEPL by taking loans from public sector banks, and the banks have initiated proceed...
- Arbitration dispute: SC directs DMRC, Reliance Infra's DAMEPL to appear before Delhi HC on January 31A bench of Justices L Nageswara Rao and B R Gavai said the hearing on the execution application does not brook any further delay as it is d...
- HC pulls up Reliance Infra's DAMEPL for playing hide & seek, not coming with 'clean hands' in proceedings against DMRCSenior advocate Parag Tripathi, representing DMRC, submitted that it was ready to take over the liabilities of Reliance Infrastructure subs...
- DMRC in contempt of Delhi High Court order, fails to furnish all bank account details: DAMEPLThe application filed by DAMEPL is in response to DMRC's belatedly filed affidavit on January 5 in which it has made a partial/ limited dis...
- Will deposit Rs 1,000 crore in escrow, ready to take over DAMEPL's debt: DMRC to HCSolicitor General Tushar Mehta, representing DMRC, stated that since the corporation was facing a “financial crunch”, undertaking a “sudden...
- Supreme Court upholds arbitral award in favour of Anil Ambani group firm DAMEPLThe arbitral tribunal in its May 2017 award had accepted airport metro operator's claim that the running of operations on the line was not ...
- Reliance Infrastructure: Proceeds from arbitral award in favour of DAMEPL to be utilised for debt reductionIn a major relief to the Anil Ambani group Reliance Infrastructure, the Supreme Court on Thursday upheld the 2017 arbitration award worth a...
- Reliance subsidiary moves Delhi High Court seeking attachment of DMRC accountsThe money was to be deposited in an escrow account maintained with the banks which had loaned money to DAMEPL for the Airport Express line ...
- High Court directs DMRC to pay over Rs 3,500 crore to Reliance Infrastructure's subsidiaryJustice Sanjeev Sachdeva dismissed the DMRC's plea against the Arbitral Tribunal's May 2017 order asking it to make payments to RInfra's su...
- Consider paying Rs 60 crore to DAMEPL to pay interest: Delhi High Court to DMRCThe court said it was only considering the interim issue of release of Rs 60 crore as DAMEPL was paying Rs 65 lakh per day, amounting to Rs...
- DMRC encashes bank guarantee given by DAMEPLAfter taking over the operations of the Airport Metro line, DMRC has encashed the bank guarantee of nearly Rs 55 crore deposited by Relianc...
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