DMRC-DAMEPL: HC issues notices to Centre, Delhi govt to make submissions ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 36
The Delhi High Court Friday issued notice to the Union Ministry of Housing and Urban Affairs and AAP government to apprise it how the unpaid arbitral award, passed in favour of Reliance Infrastructure-owned Delhi Metro Express Private Limited (DAMEPL) and against Delhi Metro Rail Corporation (DMRC), would be paid. The Central and Delhi government are the two essential stakeholders in the DMRC, which informed the high court that despite making requisite efforts, the two stakeholders have been unable to arrive at a consensus on the ways and means in which the amount payable under the award may be liquidated. The high court impleaded the two governments as parties in the execution proceedings f

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