Govt of India and #Delhi Govt cannot hide behind the veil of corporate personality especially when it comes to the discharge of binding obligations owed by the DMRC: Delhi High Court on payment of dues of an arbitral award to Reliance Infrastructure-owned DAMEPL. #DelhiMetro 
In any case public policy demands that the veil be lifted and they be commanded to take appropriate steps to enable the DMRC to meet the obligations flowing from the award: Delhi High Court #DelhiMetro
The two shareholders are not mere individuals having a business interest in a corporate venture but sovereign governments in their own right. Governments cannot shirk from their liability to abide by binding judgments, decrees and awards: Delhi High Court
If such a situation were permitted to hold, the very structure of the adjudicatory and judicial system would falter and crumble: Delhi High Court
The circumstances of the present case thus clearly mandates and warrants the corporate veil being lifted and torn apart and for the Court recognising the GNCTD as well as the Union Ministry being in
complete and total control of the affairs of the DMRC: Delhi High Court
complete and total control of the affairs of the DMRC: Delhi High Court
The court earlier today issued directions to Union of India, Delhi Govt for payment of unpaid dues to Reliance Infra By DMRC.
Read here:
livelaw.in/news-updates/d…
Read here:
livelaw.in/news-updates/d…
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