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Delhi HC dismisses DMRC plea for refund of Rs 678 cr paid to Reliance Infra lenders

3/12/2021 at 5:51 PM

New Delhi, Dec 3: Delhi High Court (HC) on Friday dismissed the Restitution Application of Delhi Metro Rail Corporation (DMRC) that had sought a refund of Rs 678 crore paid by the company to the lenders of Delhi Airport Metro Express Pvt. Ltd, (DAMEPL), a subsidiary of Reliance Infrastructure Limited, in 2018.

A Division Bench of Justices Vipin Sanghi and Jasmeet Singh dismissed the DMRC plea

This money was paid by DMRC to the lenders of DAMEPL pursuant to the order of Delhi HC Single Judge Bench that had upheld the Rs 4,700 crore arbitration award in favour of DAMEPL.

In January 2019, the Division Bench of DHC, while setting aside the Arbitration Award, had allowed DMRC to file an appeal against the Single Judge Bench’s order of May 2018 and also allowed DMRC to seek a refund of Rs 678.42 crore paid by the company to DAMEPL’s lenders from time to time.

 To claim the refund, DMRC had filed a Restitution Application in February 2019 in Delhi HC.

The Supreme Court recently upheld a 2017 arbitration award that made DMRC liable to pay damages of around Rs 2,800 crore with interest to Reliance Infrastructure Ltd.

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