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Delhi HC directs DMRC to pay Rs 60 cr to DAMEPL for interest payments

Interest payment and invested capital caused financial crunch for DAMEPL while benefiting DMRC

Delhi Metro, DMRC
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Sayan Ghosal New Delhi
The Delhi High Court on Tuesday directed the Delhi Metro Rail Corporation (DMRC) to pay Rs 60 crore as interest on loans taken by the former concessionaire of the airport express line, in accordance with the August 25, 2008 agreement signed between the two companies. 

Justice Vibhu Bhakru passed the interim order, directing the DMRC to make the payment towards interest on the outstanding loans for next three months, in response to a suit filed by the Delhi Airport Metro Express Private Limited (DAMEPL) seeking early realisation of 75 per cent of the Rs 4,670 crore arbitration award granted in

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