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NEW DELHI : Delhi Metro Rail Corporation (DMRC) has filed a fresh affidavit in the Delhi High Court comprising balance sheet (FY20-21) and details of all bank accounts and fixed deposits.
The affidavit was filed in relation to Reliance Infrastructure’s subsidiary, Delhi Airport Metro Express Pvt Ltd’s application. in the court for the execution of the arbitration award from over ₹4,600 crores against it.
The court on Monday directed the DMRC to give details of the funds in its bank account and fixed deposits till date. The court also directed the DMRC to share details of its bank account balances, including fixed deposits and tax returns for 2021.
The next consideration of the case before the court is on February 17, 2022.
A DMRC spokesperson declined to comment on the matter saying it was sub-judicial. Reliance Infrastructure also did not comment on the matter.
In its May 2017 award, the arbitral tribunal ruled in favor of DAMEPL, which had pulled out of running the Airport Express metro line due to safety concerns, and accepted its claim that running operations on the line was not sustainable due to structural defects in the viaduct through which would drive the train.
After premature termination of this contract and protracted litigation, DAMEPL won a Supreme Court case against DMRC last December on the issue of termination of the concession contract. In its earlier hearing on December 6, the Delhi high court directed DMRC to deposit ₹1,000 kroner in a deposit account. According to the DAMEPL execution request, ₹2,945 million is the principal, while the rest is ₹4,305 million is the interest before and after the award.
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