Earlier, the arbitration tribunal had ordered DMRC to pay Rs 4,600 crore to DAMEPL. All the petitions filed by DMRC in this regard have been rejected.
The High Court had also dismissed the petition seeking reconsideration of its decision on November 23.
Delhi Airport Metro Express Private Limited (DAMEPL) told the Delhi High Court that the Delhi Metro Rail Corporation (DMRC) is deliberately trying to delay the execution of arbitral judgments worth more than Rs 4,600 crore, causing taxpayers to pay interest of about Rs 1.75 crore every day. Anil Ambani (Anil Ambani) of Reliance Infrastructure (Reliance Infrastructure)’s subsidiary filed a petition in the ongoing execution proceedings in the High Court stating that DMRC is trying to thwart the entire process by giving limited details of the bank account in respect of only Rs 1642.69 crore, while it has been kept in view of all its bank accounts. Instructions to give details.
The petition claimed that DMRC in an affidavit filed in December disclosed the total available funds of Rs 5800.93 crore. Earlier, the arbitration tribunal had ordered DMRC to pay Rs 4,600 crore to DAMEPL. All the petitions filed by DMRC in this regard have been rejected. The High Court had also dismissed the petition seeking reconsideration of its decision on November 23.
What’s the matter?
DAMEPL, a subsidiary of Reliance Infrastructure, was involved in the development of DMRC’s Airport Metro Line. But later she withdrew from it citing structural flaws. The disputed amount of the same deal is to be paid.
Agreement between Delhi Metro and Anil Ambani’s company in 2008
In 2008, DMRC entered into an agreement with Delhi Airport Metro Express Pvt Ltd. This company is promoted by Anil Ambani’s Reliance Infrastructure. DAMEPL was awarded the design, installation, commissioning, operation and line maintenance work from Delhi Metro Rail Corporation. This was the first PPP (Public Private Partnership) contract from Delhi Metro. DAMEPL had gone out of operation of the Airport Express Metro Line due to security issues.
Let us tell you that the Airport Express line of Delhi Metro is 22.7 km long. This route is also known as Orange Line. It is between New Delhi Railway Station to Dwarka Sector-21. Its route goes through Indira Gandhi Airport. The cost of construction of this route is about Rs 5800 crore. It was opened to the general public in February 2011.
The arbitration tribunal, in its judgment in May 2017, had accepted the claim of the operator of the airport metro that the operation on this line was not practical due to structural flaws.
with PTI input