Millennium Post

RInfra moves HC seeking arbitration award from DMRC

New Delhi: Reliance Infrastructure (RInfra) subsidiary Delhi Airport Metro Express (DAMEPL) has moved the Delhi High Court seeking execution of the arbitration award of Rs 5,200 crore it had won against Delhi Metro Rail Corp (DMRC), the company said on Tuesday.
"In its petition filed under section 36 of the Arbitration and Conciliation Act in the division bench headed by Chief Justice of Delhi HC, DAMEPL has sought an order for the execution of the award dated May 11, 2017 passed by the Arbitral Tribunal and direct DMRC to pay a Rs 5,200 crore," the statement said.
The claim includes principal amount of Rs 2,945.54 crore along with interest as on date, it added.
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