Infrastructure
The Delhi Metro Airport Express. (Representative image).
In an unusual move, the Supreme Court on Wednesday overturned its 2021 judgment that upheld a Rs 4,700-crore arbitral award against Delhi Metro Rail Corporation (DMRC) in favor of Delhi Airport Metro Express (DAMEPL), a Reliance Infrastructure subsidiary.
Chief Justice of India D Y Chandrachud, leading a three-judge bench, labeled the judgment as "perverse" and "patently illegal." The bench argued that the 2021 verdict led to a serious miscarriage of justice by overriding a Division Bench decision of the Delhi High Court.
In granting the DMRC's curative petition, Chief Justice Chandrachud said it was perverse on the part of the two-judge Bench of the Supreme Court in 2021 to “saddle a public utility with an exorbitant amount of liability”.
Invoking Article 142 of the constitution to rectify the situation, the court ordered a halt to any enforcement proceedings related to the arbitral award and directed refunds for any amounts deposited by DMRC.
The case revolves around a 2008 concession agreement between DAMEPL and DMRC for the Delhi Airport Express Line on a Build-Operate-Transfer (BOT) basis.
DAMEPL terminated the agreement in 2012, citing structural flaws in the metro line, leading to arbitration proceedings.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest