Meeting due with govts on payment process, Delhi HC told, Legal News, ET LegalWorld – Legal Firms

NEW DELHI: Delhi Metro Rail Corporation on Monday told the high court that a meeting with the Centre and Delhi government is scheduled to discuss the modalities on payment of the balance arbitral award to the Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited.

The DMRC told the court that the meeting is fixed for November 10, and some proposals are expected to come out of it. DMRC’s submission came on a plea by the Delhi Airport Metro Express Private Limited (DAMEPL) seeking release of payment of Rs 4427.41 crore.

Justice V Kameswar Rao was informed by senior advocate Maninder Singh, appearing for DMRC, that Attorney General R Venkataramani was held up in a separate engagement and the matter be deferred to November 18 as, by then, the judgment debtor DMRC is expected to inform the court about the modalities to make the payment to DAMEPL.

The high court listed the matter for further hearing on November 18, but cautioned that it expected a clear stand from the authorities by the next date of hearing. “How will you implement the last order on modalities,” the judge asked the DMRC’s counsel. To this, Singh submitted that it will be decided in the November 10 meeting.

Senior advocate Jaideep Gupta, representing DAMEPL, urged the court to ask the DMRC managing director to be present in court on the next date of hearing to address the issue of payment. The DMRC, in its additional affidavit, said the Union ministry of housing and urban affairs through its October 28 letter had informed that it has been decided by the Centre to convene a meeting on November 10 between the Government of India, the Government of National Capital Territory of Delhi, the DMRC and the lending banks to “discuss the matter” pending before the court.

On October 10, the DMRC had told the court that it had requested the Centre and the Delhi government for funds for payment of the balance arbitral award to DAMEPL. The DMRC had said that if any adverse orders were passed against it at this point of time, millions of commuters will be simply told that they cannot use the Delhi Metro.

Source link