Arbitration award: DMRC urges SC to consider curative petition in DAMEPL matter

Updated: Mar 25 2023 2:47PM

New Delhi, Mar 25 (PTI) The Delhi Metro Rail Corporation (DMRC) has urged the Supreme Court to urgently take up its curative petition against the top court's 2021 order dismissing its plea that had sought a review of a verdict that upheld a 2017 arbitration award in favour of the Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure subsidiary, enforceable against it.

Attorney General R Venkataramani told a bench headed by Chief Justice DY Chandrachud on Friday that the DMRC's curative petition was pending before the apex court since August last year.

He told the court that the matter needs to be considered urgently and referred to a March 17 verdict of the Delhi High Court that directed the Centre and the city government to attend to the DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of the dues of an arbitral award passed in favour of the DAMEPL.