DMRC has to pay from funds lying in its account, RInfra arm tells Delhi HC

The DAMEPL counsel argued that DMRC's stance that the corporate veil cannot be lifted does not hold water since it went ahead and did just that

Delhi Airport Metro Express Pvt Ltd (DAMEPL) told the Delhi High Court on Tuesday that the DMRC (Delhi Metro Rail Corporation) has to use the funds lying in its account to pay its dues to Reliance Infrastructure Ltd, under the 2017 arbitral award. DAMEPL is a subsidiary of Reliance Infra.

“If the DMRC is an entity unrelated to shareholders then it should have paid the amount due. If they say that they will honour the shareholders wishes then how can they argue that the corporate veil cannot be lifted,” the DAMEPL counsel argued.

The counsel pointed out that about Rs