Hon'ble Supreme Court Entertains Special Leave Petition (SLP) Of Reliance Infrastructure SPV Delhi Airport Metro Express Pvt Ltd (DAMEPL) Challenging Hon'ble Delhi High Court Division Bench's Order
Deepthi | Myequity news | Date : 18-02-2019 11:30:00 IST
The Hon'ble Supreme Court has entertained the Special Leave Petition (SLP) filed by Reliance Infrastructure Ltd. SPY Delhi Airport Metro Express Pvt Ltd (DAMEPL) challenging the judgement of Hon'ble Division Bench of Delhi High Court, which set aside the over Rs. 5,800 crore arbitral award won by DAMEPL against DMRC.
The Hon'ble Supreme Court has issued notice to DMRC in the SLP. A short notice was also issued to DMRC on DAMEPL's plea for interim relief, so that DMRC continues to service the debt of DAMEPL pending the disposal of SLP by the Hon'ble Supreme Court.
DAMEPL had filed the SLP in the Hon'ble Supreme Court after a Division Bench of the Hon'ble Delhi High Court had set aside an order of the Single Judge Bench of Hon'ble Delhi High Court upholding the over Rs. 5,800 crore arbitral award in favour of DAMEPL against DMRC. Reliance Infrastructure Limited:
Reliance Infrastructure Ltd 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. Reliance Infrastructure Ltd is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects.