SC grants DMRC Rs 8,000 cr relief in Delhi Airport Metro case
15 Apr 2024
2 Min Read
CW Team
In a significant development for the Delhi Metro Rail Corporation (DMRC), the Supreme Court granted relief worth ?8,000 crore in the ongoing dispute concerning the Delhi Airport Metro Express line. The apex court's decision provides a substantial financial respite for the DMRC, offering a breather amidst the legal battle.
The dispute originated from the termination of the concessionaire agreement between DMRC and the Delhi Airport Metro Express Private Limited (DAMEPL) in 2012 due to operational issues. DAMEPL, a subsidiary of Reliance Infrastructure, had cited technical glitches and sought compensation for losses incurred.
Following prolonged legal proceedings, the Supreme Court's bench comprising Justices UU Lalit and S Ravindra Bhat evaluated the matter and ruled in favor of DMRC. The court upheld DMRC's appeal against the arbitral award of ?8,000 crore to DAMEPL, asserting that the compensation was unjustified.
The apex court's verdict provides relief to DMRC, which had been burdened with the prospect of hefty financial compensation. The decision is also expected to have broader implications for similar disputes involving public-private partnership projects in India's infrastructure sector.
The Delhi Airport Metro Express line, connecting New Delhi's city center with the Indira Gandhi International Airport, is a crucial transportation link catering to millions of passengers annually. Ensuring its smooth operation is essential for the capital's transportation infrastructure and the convenience of commuters.
The resolution of this long-standing dispute brings clarity and stability to the operations of the Delhi Airport Metro Express line, fostering confidence among stakeholders and facilitating the continued provision of efficient metro services in the national capital region.
The Supreme Court's verdict underscores the importance of legal clarity and fair arbitration in resolving complex disputes within the realm of infrastructure development. It serves as a reminder of the need for robust contractual frameworks and effective dispute resolution mechanisms to safeguard the interests of all parties involved in large-scale infrastructure projects.
In a significant development for the Delhi Metro Rail Corporation (DMRC), the Supreme Court granted relief worth ?8,000 crore in the ongoing dispute concerning the Delhi Airport Metro Express line. The apex court's decision provides a substantial financial respite for the DMRC, offering a breather amidst the legal battle.
The dispute originated from the termination of the concessionaire agreement between DMRC and the Delhi Airport Metro Express Private Limited (DAMEPL) in 2012 due to operational issues. DAMEPL, a subsidiary of Reliance Infrastructure, had cited technical glitches and sought compensation for losses incurred.
Following prolonged legal proceedings, the Supreme Court's bench comprising Justices UU Lalit and S Ravindra Bhat evaluated the matter and ruled in favor of DMRC. The court upheld DMRC's appeal against the arbitral award of ?8,000 crore to DAMEPL, asserting that the compensation was unjustified.
The apex court's verdict provides relief to DMRC, which had been burdened with the prospect of hefty financial compensation. The decision is also expected to have broader implications for similar disputes involving public-private partnership projects in India's infrastructure sector.
The Delhi Airport Metro Express line, connecting New Delhi's city center with the Indira Gandhi International Airport, is a crucial transportation link catering to millions of passengers annually. Ensuring its smooth operation is essential for the capital's transportation infrastructure and the convenience of commuters.
The resolution of this long-standing dispute brings clarity and stability to the operations of the Delhi Airport Metro Express line, fostering confidence among stakeholders and facilitating the continued provision of efficient metro services in the national capital region.
The Supreme Court's verdict underscores the importance of legal clarity and fair arbitration in resolving complex disputes within the realm of infrastructure development. It serves as a reminder of the need for robust contractual frameworks and effective dispute resolution mechanisms to safeguard the interests of all parties involved in large-scale infrastructure projects.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
