Delhi HC asks DMRC to pay Rs 4,600 cr arbitral award to DAMEPL

14 Mar 2022 CW Team

On Thursday, Delhi High Court has asked the Delhi Metro Rail Corporation (DMRC) to pay more than Rs 4,600 crore of the arbitral award along with interest to Delhi Airport Metro Express Private Limited (DAMEPL) in two equal installments within the next two months.

The court ordered that the first and second instalments be paid by April 30 and May 31 of this year, respectively.

The judgement of the court came on DAMEPL's execution petition filed against DMRC regarding an arbitral award of over Rs 4,600 crore in its favour.

On May 11, 2017, it stated that the arbitral award reached finality and it cannot be permitted to remain a paper judgement, and that judgement debtor DMRC is required to either shift its funds after receiving approval from the central government or raise loans to fulfil the award, if necessary.

During the pendency of these proceedings, Justice Suresh Kumar Kait told the media that DMRC had made payment of Rs 1678.42 crore and even on the day order was secured in the implementation petition, DMRC's counsel had undertaken that Rs 600 crore shall be deposited in the ESCROW account.

The High Court recorded that according to the DMRC affidavit, the total funds available with it as of February 14, 2022, are Rs 1,452.10 crore under the head Total DMRC Funds, Rs 2,681.29 crore under the head Total Project Funds, and Rs 1,560 crore under the head Total Other Funds.

However, on January 10, 2022, the fund details and a DMRC affidavit, Rs 514 crore is committed to employee salaries, medical, and post-retiral benefits, and Rs 114 crore is the percentage of the security deposit on smart cards that is refundable to passengers.

Image Source

Also read: DMRC achieves the first stretch of tunnel of its phase-4 project

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..