BREAKING:
DMRC - Delhi Airport Metro Express Private Limited Dispute - Delhi High Court Directs Centre, Delhi Govt to forthwith attend to DMRC's request for extension of sovereign guarantee/ subordinate debt to enable it make payment of dues to Reliance Infra-owned DAMEPL.
DMRC - Delhi Airport Metro Express Private Limited Dispute - Delhi High Court Directs Centre, Delhi Govt to forthwith attend to DMRC's request for extension of sovereign guarantee/ subordinate debt to enable it make payment of dues to Reliance Infra-owned DAMEPL.
Justice Yashwant Varma: The decision be taken within two weeks. If permission be accorded to the DMRC, it shall proceed to deposit the entire amount payable under the 2017 award along with the interest within a period of one month.
Justice Varma: If the Union or Delhi government decline the request, the union ministry shall forthwith revert and repatriate all monies received by it from DMRC post 10-03-2022. Upon receipt of the money, #DMRC shall transfer DAMEPL's dues to it.
In case DMRC fails to clear all outstanding amounts, the court reserves the right to frame appropriate directions against the Union ministry and GNCTD consequent to corporate veil having been duly lifted as per the findings recorded: Justice Varma.
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