Reliance Infra

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

RInfra arm says it isn't immune from insolvency, pleads for court order to DMRC to release award amount to ease pressure from banks on DAMEPL

Transporter asks Centre, Delhi govt to infuse equity of Rs 3,500 crore each

Comment follows non-payment of Rs 4,500 cr by Delhi Metro Rail to Reliance Infra, out of a total Rs 7,200 cr in an arbitral award passed by the top court

There are public speeches on making India an international arbitration hub but the court's order not enforced, says bench

Court issues notice to DMRC, seeks reply by Dec 12

The court has now given the Delhi Metro two weeks to work out the modalities for payment of the arbitration award to DAMEPL. The case will now be heard on October 31.

The Delhi High Court granted time till October 31 to the Delhi Metro Rail Corporation to formulate a plan for the payment of the arbitral award amount to the Delhi Airport Metro Express Private Ltd

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission

As of May 31, DMRC has incurred an interest liability of over Rs 300 crore solely on account of delays in payment to DAMEPL

The company had posted a consolidated profit of Rs 3 crore in the year-ago period, Reliance Industrial Infrastructure Ltd (RIIL) said in a filing to BSE

As per the Reliance Infrastructure's latest annual report, the award is worth around Rs 4,600 crore including the interest

As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family

Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations

Our top headlines on Tuesday track the latest developments

Fresh infusion of funds will enable the company to become zero debt company by March 2022

The country's largest mortgage lender HDFC Ltd has sold further shares of Reliance Infrastructure worth over Rs 43 crore