The Delhi High Court has set aside the over Rs 4,500-crore arbitration award in favour of Reliance Infrastructure subsidiary DAMEPL, which had pulled out from running the Airport Express metro line over safety issues, saying that the arbitral tribunal had not considered that the tracks were certified as safe for commercial operations.
The arbitral tribunal in its May 2017 award had accepted DAMEPL’s claim that the running of operations on the line was not viable due to structural defects in the viaduct through which the train would run.
The decision by a bench of justices Sanjiv Khanna and Chander Shekhar came on Delhi Metro Rail Corporation’s (DMRC) appeal against a single judge order of March 6 last year upholding the arbitral award in favour of Delhi Airport Metro Express Private Ltd (DAMEPL). Read More
Latest posts by India Post (see all)
- HC sets aside arbitral award in favour of Reliance subsidiary over airport metro line ops - January 19, 2019
- India To Cut Emission Levels Of Old Power Plants - July 11, 2018
- Bullet train compensation for land to be much more - May 14, 2018