HC grants ten days to DMRC to find viable solution for repaying arbitral dues to Reliance Infra subsidiary1 min read . Updated: 31 Jan 2023, 10:28 PM IST
On 18 January, Delhi Metro Rail Corporation (DMRC) had sought from its two main shareholders - the Delhi Government and the central government, an “interest free subordinate debt” worth ₹3,500 crore each to pay the unpaid arbitral award passed in favour of Reliance Infrastructure-owned Delhi Metro Express Private Limited
The Delhi High Court on Tuesday acceding to the Attorney General of India’s request, granted the Delhi Metro Rail Corporation a final opportunity for payment of arbitral award dues owed to Reliance Infrastructure.
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