The Supreme Court overturned the arbitral award which was in favor of Anil Ambani s Reliance Infrastructure s metro arm, Delhi Airport Metro Express Pvt Ltd (DAMEPL), citing patent illegality. It upheld the High Court s division bench decision and allowed Delhi Metro Rail Corporation s curative petition, ordering refunds of amounts deposited by DMRC.
DMRC and DAMEPL signed an agreement to design, install, commission, operate, and maintain the Airport Metro Express Line that runs from New Delhi Railway Station to Sector 21 Dwarka.
The Timing, Small Fine : How Anil Ambani s Relevance Diminished in the Reliance Home Finance Case thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.