delhi: Delhi HC asks Govt to clarify stand on sanction for attaching Delhi metro assets

The Delhi Top Court docket on Monday requested the federal government to elucidate its stand by way of March 2 on in accordance sanction for the attachment of movable and immovable belongings of Delhi Metro Rail Corp (DMRC), to fulfill the arbitration award that Reliance Infrastructure‘s Delhi Airport Metro Specific Pvt Ltd (DAMEPL) received in Might 2017.

DAMEPL, which had operated the Airport Specific Line in Delhi, has sought to recuperate the steadiness ₹4,520 crore, together with hobby, that DMRC owes it in opposition to enforcement of the arbitration award. The hobby portion has since greater. Until now, DMRC has paid ₹2,700 crore to the subsidiary of Anil Ambani-promoted Reliance Infra.

Justice Yashwant Varma famous the objections of the Union Ministry of Housing and City Affairs and the Delhi govt associated with the restricted legal responsibility idea that follow to shareholders.

“Earlier than the courtroom proceeds to rule at the factor of whether or not instances warrant the company veil of company being lifted, it will be expedient to name upon the Union to take a choice on whether or not it proposes to accord sanction for the attachment of the movable and immovable belongings of the company for the pleasure of the award,” the pass judgement on mentioned in its transient order.

Further solicitor normal Chetan Sharma, showing for the ministry, advised the one pass judgement on bench that it used to be now not obliged to pay because it used to be now not a birthday celebration to arbitration between DMRC and the Reliance Infra company. “I don’t have any legal responsibility to pay the quantity. The lifting of the company veil isn’t warranted within the case. We’re 50% shareholders,” he mentioned.

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