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Home » IANS » SC admits RInfra minor’s plea challenging HC order favouring DMRC

SC admits RInfra minor’s plea challenging HC order favouring DMRC

By IANS
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Mumbai, Feb 18 (IANS) RInfra on Monday said that the Supreme Court has admitted a Special Leave Petition (SLP) filed by its subsidiary challenging a Delhi High Court order that set aside an over Rs 5,800 crore arbitral award won by the RInfra minor against the Delhi Metro Rail Corporation (DMRC).

In 2018, the High Court had directed the DMRC to take over the servicing of all debt liabilities of Delhi Airport Metro Express Pvt Ltd (DAMEPL).

Reliance Infrastructure (RInfra) had said that 11 banks, who had lent to DAMEPL to run the Delhi Airport Metro Express line, would benefit from the High Court’s order.

Noting the apex court’s entertaining the SLP, a RInfra release said a short notice was also issued to the DMRC on DAMEPL’s plea for interim relief, so that the DMRC continued to service the debt of DAMEPL, pending the plea disposal by the apex court.

“The Supreme Court has entertained the Special Leave Petition (SLP) filed by Reliance Infrastructure Ltd., SPV Delhi Airport Metro Express Pvt Ltd (DAMEPL) challenging the judgement of Division Bench of Delhi High Court, which set aside the over Rs 5,800 crore arbitral award won by DAMEPL against DMRC,” it said.

The DAMEPL had moved the apex court after the High Court had set aside the over Rs 5,800 crore arbitral award won by DAMEPL against DMRC.

–IANS

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(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
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