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DMRC ARBITRATION
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...- SC issues contempt notice to Anil Ambani firm, Axis BankThe Supreme Court demands answers from Delhi Airport Metro Express and Axis Bank. The court wants to know why they haven't refunded a large...
- 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...
- Seeking cost of trains, not damages, from DMRC: Reliance Infrastructure firm to SCThe Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure firm, informed the Supreme Court that it seeks only the...
- DMRC-DAMEPL face off: Accrued arbitral award of Rs 8,000 cr may have the power to derail Delhi MetroDMRC has been asked to pay to the private entity an amount which is enough to fund the post-matric scholarships of about 66 lakh Scheduled ...
- Centre, Delhi govt move SC against HC order asking DMRC to pay Rel InfraTerming the HC's directions as "erroneous" and "unprecedented in law", the central government in its appeal before the top court said that ...
- DMRC vs DAMEPL: How defying SC-approved arbitration award shreds ease of doing businessWhen a government-owned entity disrespects an arbitration award for nearly five years, it makes India's aspiration, publicly aired at the h...
- 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...
- Pay Delhi Metro the money it owes to Reliance Infra's DAMEPL: Court directs Centre, Delhi govtThe Central and Delhi governments each hold 50% shares in the DMRC. An arbitral tribunal had, in May 2017, ruled in favour of Reliance Infr...
- DMRC asked Centre, Delhi govt to give over Rs 3,500 crore each as interest free subordinate debt, HC toldThe Delhi Metro Rail Corporation (DMRC) has informed the Delhi High Court that it has requested the Centre and the city government for over...
- 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...
- Reliance Infrastructure-DMRC Arbitration: Supreme Court directs HC to ensure award execution in 3 monthsWhile directing the HC to take the case to its "logical end" within three months, a top court bench led by Justice GR Gavai observed that t...
- Centre to examine DMRC request for paying 50% of dues to Reliance InfraThe submission was made by the DMRC in an additional affidavit filed in a pending application of the Delhi Airport Metro Express Private Li...
- 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,...
- 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...
- Major victory for Anil Ambani as Supreme Court upholds arbitral award in favour of Reliance InfraThe amount totaling over Rs 4,600 crore including interest will help the Anil Ambani-led Reliance Group to pare its debt. A two judge bench...
- 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 ...
- Reliance Infra moves court to expedite payment of arbitration amount from DMRCEarlier this month, the Delhi High Court directed Delhi Metro Rail Corporation to pay an arbitration award of Rs 2,950 crore to Reliance In...
- Reliance to run the airport line till government comes up with a resolutionIn order to address the recent rumours of Reliance infra exiting the airport metro express project, DMRC has issued a statement today sayin...
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