Center to look into DMRC’s request for payment of 50% dues to Reliance Infra | Daily News Byte

The Delhi Metro Rail Corporation (DMRC) on Thursday submitted in the Delhi High Court that its request to the Center to bear 50% of the arbitration award passed in favor of Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited will be considered by the government as a whole for an informed decision. . The DMRC also informed the court that the Delhi government, as the equity owner, has asked the corporation to submit updated and complete details for considering its claim to bear another 50% of the arbitration award and pass an appropriate award.

The submission was made by the DMRC in a supplementary affidavit filed in a petition filed by Delhi Airport Metro Express Private Limited (DAMEPL) alleging that DMRC had paid it only INR 166.44 million on March 14 and seeking a direction to pay INR 4,427.41 the crown.

Justice V Kameswar Rao is scheduled to hear the matter on Friday.

The DMRC said a meeting was held under the chairmanship of the Union Secretary for Housing and Urban Affairs on November 10 to discuss the matter pending before the high court. It was attended by Chief Secretary of Delhi, Managing Director of DMRC and representatives of leading banks. It is said that after detailed discussions and keeping in mind the desirability of expediting the matter and taking into consideration the leniency of this court, it was decided to pass early rulings.

“Delhi Government has therefore requested DMRC to submit updated and complete details for consideration of DMRC’s claim and to make a suitable decision to bear 50% of the total arbitration award, being the equity owner. The Delhi government has further informed that after considering the proposals, the same will seek Cabinet approval,” said an affidavit filed by DMRC GM (Legal).