DMRC

Delhi Metro has asked the Centre and the city government for "further directions" on a Delhi High Court order that directed the two to help it pay dues of an arbitral award passed in favour of Delhi Airport Metro Express Private Limited, sources on Tuesday said. The DMRC sought directions in a letter dated March 28 addressed to the secretary, Union Ministry of Urban and Housing Affairs, and chief secretary, Delhi government, in separate copies, they said. DMRC officials, when contacted, did not comment on the issue. The Delhi High Court had on March 17 directed the Centre and the city government to attend to DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of DAMEPL, saying the governments cannot shirk from their liability to abide by judgements and decrees. The high court's verdict had come on an execution petition filed by Reliance Infrastructure-owned DAMEPL against the Delhi Metro

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On March 17, the Delhi High Court handed down an order to ensure the payment of an arbitral award due for over five years

The Delhi Metro Rail Corporation (DMRC) has urged the Supreme Court to urgently take up its curative petition against the top court's 2021 order dismissing its plea that had sought a review of a verdict that upheld a 2017 arbitration award in favour of the Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure subsidiary, enforceable against it. Attorney General R Venkataramani told a bench headed by Chief Justice DY Chandrachud on Friday that the DMRC's curative petition was pending before the apex court since August last year. He told the court that the matter needs to be considered urgently and referred to a March 17 verdict of the Delhi High Court that directed the Centre and the city government to attend to the DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of the dues of an arbitral award passed in favour of the DAMEPL. The bench told Venkataramani that it will consider the matter soon. In Februar

The Delhi Metro Rail Corporation on Thursday told the Delhi High Court that attachment of its statutory expenses will result in immediate stoppage of the entire Metro network in the national capital

The order said that if permission is given to DMRC it should deposit the entire amount payable along with interest within a month

According to officials, the move to increase the speed will bring down the travel time between the New Delhi and IGI Airport stations from 19 minutes by around a couple of minutes

The Public Private Partnership Appraisal Committee has cleared 79 projects with a total project cost of Rs 227,268.1 crore from FY15 to FY23, noted the latest Economic Survey

Tells DMRC to take permission from Centre, Delhi govt within two weeks to pay up

The Delhi High Court Friday directed the Centre and the city government to attend to the request of DMRC for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited. The high court said the decision has to be taken by the Union Ministry of Housing and Urban Affairs and the Delhi government within two weeks and if the permission is accorded to the DMRC, it will deposit the entire amount payable under the award along with up-to-date interest within a period of one month. "If the Union ministry or Delhi government decline the request for providing sovereign guarantees or subordinate debt, the Union ministry shall forthwith or at the end of two weeks revert and repatriate all monies received by it from DMRC post March 10, 2022 so as to ensure that the credit balance of the DMRC, total project and total other funds reflects the balance as it

Says parties in the case may file written submissions by Monday

The DAMEPL counsel argued that DMRC's stance that the corporate veil cannot be lifted does not hold water since it went ahead and did just that

This comes days after Delhi HC asked Centre to decide on issue of granting sanction for attaching moveable and immovable assets of DMRC

The court also said that the Court won't consider DMRC's future liabilities/provisions

Attaching DMRC's assets for award will bring Delhi to a halt, Centre tells HC

The Delhi High Court on Thursday was informed by the Centre that it cannot give sanction for attachment of properties of Delhi Metro Rail Corporation (DMRC)

The court also made it clear that if the Centre refused the sanction, it has to disclose the reasons for the same, so that the Court could take a view thereon

Attorney General R Venkatramani, appearing for DMRC, suggested asking GNCTD and MoHUA how they would proceed in the matter

Delhi Metro will soon launch an app which will enable commuters to buy a range of products and book various services, including those for last-mile connectivity. 'Momentum 2.0' India's first virtual shopping app for the metro will also include features such as instant recharge of Delhi Metro's smart cards and smart payment options for other utility services, officials said on Sunday. The app will "enable the metro commuters to buy a range of products and book services while travelling in the metro and collect their orders at the destination stations," the DMRC said in a statement. 'Momentum 2.0' will provide its users instant and direct access to custom-made services such as last-mile connectivity options, a wide array of e-shopping choices, and digital lockers for quick and safe deliveries. In February 2022, PTI reported that Delhi Metro had embarked on a visionary project that seeks to integrate its regular services with e-commerce via cutting-edge digital platforms, with the .

The Delhi High Court Friday issued notice to the Union Ministry of Housing and Urban Affairs and AAP government to apprise it how the unpaid arbitral award, passed in favour of Reliance Infrastructure-owned Delhi Metro Express Private Limited (DAMEPL) and against Delhi Metro Rail Corporation (DMRC), would be paid. The Central and Delhi government are the two essential stakeholders in the DMRC, which informed the high court that despite making requisite efforts, the two stakeholders have been unable to arrive at a consensus on the ways and means in which the amount payable under the award may be liquidated. The high court impleaded the two governments as parties in the execution proceedings filed by DAMEPL seeking recovery of the unpaid portion of the arbitration award. The court noted the total amount of the award with interest till February 14, 2022 was Rs 8009.38 crore. Out of this, a sum of Rs 1678.42 crore has been paid so far by the DMRC and Rs 6330.96 crore is still due to be