DMRC asks Centre, Delhi for ₹3.5k cr debt
The HC is hearing the matter on enforcing an arbitration award of ₹7,200 crore to Delhi Metro Express. Out of the dues of ₹7,200 crore, ₹2,600 crore was paid by DMRC. It has outstanding dues of ₹4,500 crore
In an affidavit filed before the Delhi High Court on Thursday, the Delhi Metro Rail Corp. (DMRC) has sought an “interest free subordinate debt" worth ₹3,500 crore from its two main shareholders, the Delhi government and Centre, to settle the arbitral award in favour of Reliance Infrastructure Ltd-owned Delhi Airport Metro Express Pvt. Ltd.
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