Supreme Court orders DMRC to pay arbitral award of Rs 2800 crore with interest to Anil Ambani’s Reliance Infrastructure.

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HIGHLIGHTS

  • The Supreme Court dismissed a plea by the DMRC and upheld the Reliance Infrastructure’s arbitral award, directing DMRC to pay damages of Rs 2,800 crore plus interest to the Reliance Infrastructure.
  • As per DMRC, the total amount of interest payable in terms of the Award towards termination payment cumulatively amounts to Rs 4506.02 crore.
  • Reliance Infra had challenged this decision of the double Bench of Delhi High Court in the SC. The apex court has now overturned the previous order and asked DMRC to honour the arbitral award.

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