SC to Hear DMRC Plea Against DAMEPL Award

09 Feb 2024 CW Team

The Supreme Court of India has scheduled a hearing on February 15 for the curative petition filed by the Delhi Metro Rail Corporation (DMRC) against an arbitral award favoring Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure.

This petition challenges the dismissal of DMRC's earlier plea by the top court in September 2021. The case revolves around an arbitral award directing DMRC to pay over Rs.8,000 crore to DAMEPL.

The dispute stems from DMRC's cancellation of a contract with DAMEPL in 2012 due to safety concerns, including numerous cracks and twists in the structure supporting the Airport Metro Express line.

The arbitral tribunal found DMRC in breach of the concession agreement, leading to the substantial award in favor of DAMEPL.

The Delhi High Court had previously directed DMRC to comply with the award, but the Supreme Court's decision to hear the curative petition has deferred these proceedings.

The outcome of this hearing could significantly impact DMRC's financial obligations and the precedent for arbitral awards in India.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..