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Earlier, the court had sent a notice to the DMRC in this regard, seeking a reply by December 12. Similarly, the Delhi High Court has also given DMRC till December 12 to come up with a strategy to refund the unpaid arbitration award amount in favor of Delhi Airport Metro Express Pvt Ltd (DAMEPL). DAMEPL is the infrastructure division of Reliance.
The Supreme Court on Monday faulted the Center for non-payment of an arbitration award of Rs 4,500 crore following a suit filed by Reliance Infra against the Delhi Metro Rail Corporation (DMRC). The Supreme Court warns that it will take a “very serious position” in case of non-compliance.
Earlier, the court had sent a notice to the DMRC in this regard, seeking a reply by December 12. Similarly, the Delhi High Court has also given DMRC till December 12 to come up with a strategy to recover the unpaid arbitration award amount in favor of Delhi Airport Metro Express Pvt Ltd (DAMEPL). DAMEPL is the infrastructure division of Reliance.
Since DMRC had already had enough time, the SC refused to grant him another four weeks. Instead, the Center has until December 14 to provide an explanation about the payment of 4,500 million dinars.
However, Reliance Infra pushed for a timeline for payment, arguing that in the absence of clarity, “someone has to go to jail”. In addition, the company has also sought a commitment from the DMRC CEO.
In March 2022, the Supreme Court stayed DAMEPL’s 2017 arbitration award, which amounted to nearly Rs 4,500 crore, and was enforceable against DMRC.
Despite the SC upholding the arbitration award, Reliance Infra alleged that DMRC had failed to make the required payments.
The SC lashed out at the Centre, saying that while on the one hand it is promoting India as a center for arbitration with grandiose speeches, on the other hand it is refusing to confirm arbitral awards upheld by the Supreme Court.
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