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This weeks Supreme Court judgement in a case involving Anil Ambani and Delhi Metro Rail Corporation is the latest in a long line of setbacks for the former. ....
The Supreme Court s decision to grant relief to the Delhi Metro Rail Corporation (DMRC) via a curative petition marks a pivotal moment in legal history with profound implications for public-private partnerships (PPPs) and investor confidence. Originating from a dispute dating back to 2008 between DMRC and Delhi Airport Metro Express Private Limited (DAMEPL), the case s journey through arbitration and subsequent legal battles has been tumultuous. The recent ruling in favor of DMRC underscores the significance of curative petitions in rectifying judicial errors and provides clarity for future PPPs in infrastructure projects. ....
DMRC vs DAMEPL: A bench headed by Chief Justice DY Chandrachud allowed the curative plea of the DMRC against the dismissal of its revision plea against a 2017 arbitral award. ....
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. ....
The Supreme Court on Wednesday (April 10) relieved the Delhi Metro Rail Corporation (DMRC) of a huge liability to the tune of Rs 8000 crores approximately by setting aside its 2021 judgment which. ....