+
SC Removes Rs.47 Bn Burden from DMRC
RAILWAYS & METRO RAIL

SC Removes Rs.47 Bn Burden from DMRC

The Supreme Court has lifted a financial burden of ?47 billion off the Delhi Metro Rail Corporation (DMRC), criticising its own verdict from 2021. In a significant relief to the DMRC, the apex court reversed its earlier decision that mandated the payment of the hefty sum.

The 2021 verdict had ordered DMRC to compensate Delhi Airport Metro Express Pvt Ltd (DAMEPL) for losses incurred due to termination of the Airport Express Line contract. However, the recent judgement acknowledged that DMRC had not violated any terms of the contract, thereby removing the financial obligation.

The initial ruling had sparked controversy and raised concerns about its potential adverse impact on DMRC's financial stability and infrastructure projects. With the latest verdict, DMRC can breathe a sigh of relief and focus on its ongoing projects without the burden of additional financial strain.

This decision marks a significant development in the legal saga surrounding the Airport Express Line contract termination and underscores the importance of careful consideration in judicial rulings pertaining to critical infrastructure projects.

The Supreme Court's reversal reflects a reconsideration of its earlier stance, highlighting the complexities involved in legal matters concerning public infrastructure and contractual obligations.

The Supreme Court has lifted a financial burden of ?47 billion off the Delhi Metro Rail Corporation (DMRC), criticising its own verdict from 2021. In a significant relief to the DMRC, the apex court reversed its earlier decision that mandated the payment of the hefty sum. The 2021 verdict had ordered DMRC to compensate Delhi Airport Metro Express Pvt Ltd (DAMEPL) for losses incurred due to termination of the Airport Express Line contract. However, the recent judgement acknowledged that DMRC had not violated any terms of the contract, thereby removing the financial obligation. The initial ruling had sparked controversy and raised concerns about its potential adverse impact on DMRC's financial stability and infrastructure projects. With the latest verdict, DMRC can breathe a sigh of relief and focus on its ongoing projects without the burden of additional financial strain. This decision marks a significant development in the legal saga surrounding the Airport Express Line contract termination and underscores the importance of careful consideration in judicial rulings pertaining to critical infrastructure projects. The Supreme Court's reversal reflects a reconsideration of its earlier stance, highlighting the complexities involved in legal matters concerning public infrastructure and contractual obligations.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?