SC dismisses DMRC's review petition, DHC to hear RInfra's execution plea

The Supreme Court has dismissed the review petition filed by Delhi Metro Rail Corporation (DMRC) against an SC order, which had upheld the Rs 7,100 crore arbitral award in favour of Reliance Infrastructure arm Delhi Airport Metro Express Pvt Ltd (DAMEPL), on November 23, 2021. Reliance Infastructure has filed an execution petition in Delhi High Court, which is coming up for hearing on Monday (December 6). According to sources, every single day's delay in the payment of arbitration money to Reliance Infrastructure by DMRC is causing an additional interest burden of around Rs 2 crore per day on the DMRC.