Breaking News

You are here » Indian-Commodity  :  Corporate  :  RInfra's arm moves Delhi HC for execution of arbitration award won against DMRC

20-Mar2018

RInfra's arm moves Delhi HC for execution of arbitration award won against DMRC

Reliance Infrastructure's (RInfra) subsidiary - Delhi Airport Metro Express (DAMEPL) has moved the Delhi High Court (HC) seeking execution of the arbitration award it had won against Delhi Metro Rail Corporation (DMRC). The arbitral award was recently upheld by a single judge bench of the Delhi High Court.

DAMEPL has sought an order for the execution of the award dated May 11, 2017 passed by the Arbitral Tribunal and direct DMRC to pay around Rs 5,200 crore. This includes principal amount of Rs 2,945.54 crore along with interest as on date.

RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.



Related News

View all news

Himalaya Food International deposits 5% of OTS

Himalaya Food International has deposited 5% of the OTS (One Time Settlement) to liquidate the company's entire Debt for Final approval by the Consortium of Banks led by State Bank of India.Himalaya Food......

Power Grid fully utilises JPY 22 billion loan

Power Grid Corporation has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects.Power Grid had entered into a JPY 22-billion......

Mahindra deploys six armoured Marksman at Delhi Airport

Mahindra Group has deployed six armoured Marksman vehicles at Indira Gandhi International Airport in Delhi. With this deployment, Delhi airport becomes first to get bullet-proof vehicle in its premises......

Top News

View all news

Power Grid fully utilises JPY 22 billion loan

Power Grid Corporation has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects.Power Grid had entered into a JPY 22-billion......

Mahindra deploys six armoured Marksman at Delhi Airport

Mahindra Group has deployed six armoured Marksman vehicles at Indira Gandhi International Airport in Delhi. With this deployment, Delhi airport becomes first to get bullet-proof vehicle in its premises......

Oil India signs MoU with Gauhati University: Report

Oil India and Gauhati University have reportedly signed a Memorandum of Understanding (MoU) on March 19, 2019. The MoU aims to extend the facility of Technology Incubation Centre at Gauhati University......