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SC to lenders: Defer declaring DAMEPL dues as NPA

New Delhi: The Supreme Court on Monday directed the consortium of lender banks that had financed the Delhi airport metro express line of Reliance Infrastructure to defer declaring outstanding dues as non-performing assets.

The bench of Justice SA Bobde and Justice AS Abdul Nazeer asked the banks to defer declaring outstanding dues as NPA as Delhi Metro Rail Corporation (DMRC) opposed Delhi Airport Metro Express Private Limited's plea that it (DMRC) be asked to service DAMEPL debts.

Senior counsel P Chidambram appearing for the DAMEPL told the court that DMRC, which is operating the airport metro express line, be asked to shoulder the responsibility of serving the debts. He also cited the earlier Delhi High Court order asking DMRC to service the debts. Initially court appeared inclined to agree that DMRC should service the debts. "Prima face we are with you. One who is running the train should service the debts", Justice Bobde said agreeing with Chidambram.

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