homeinfrastructure NewsReliance Infra Delhi Metro case: SC gives Centre December 14 deadline for payment clarity of Rs 4,500 crore

Reliance Infra-Delhi Metro case: SC gives Centre December 14 deadline for payment clarity of Rs 4,500 crore

Earlier, the court had sent a notice to the DMRC regarding this, asking for a response by December 12.  Similarly, the Delhi High Court had also given the DMRC till December 12 to come up with a strategy to refund the unpaid sum of an arbitral award in Delhi Airport Metro Express Pvt Ltd's (DAMEPL) favour. DAMEPL is an infrastructural division of Reliance.

By Anand Singha  Dec 12, 2022 9:02:49 PM IST (Updated)

2 Min Read
The Supreme Court chastised the Centre on Monday for its failure to pay an arbitral award for Rs 4,500 crore following a lawsuit filed by Reliance Infra against Delhi Metro Rail Corporation  (DMRC). The top court forewarns that in the event of noncompliance, it will take a "very serious view."
Earlier, the court had sent a notice to the DMRC regarding this, asking for a response by December 12.  Similarly, the Delhi High Court had also given the DMRC till December 12 to come up with a strategy to refund the unpaid sum of an arbitral award in Delhi Airport Metro Express Pvt Ltd's (DAMEPL) favour. DAMEPL is an infrastructural division of Reliance.
Since the DMRC has already had enough time, the SC has declined to grant it four more weeks. Instead, the Centre has till December 14 to provide clarification on the Rs 4,500 crore payment.