Delhi HC dismisses DMRC appeal to pay Rs 60 crore interest payment

DAMEPL had approached the court for early realisation of Rs 3,502 crore

A division bench of the Delhi High Court on Wednesday dismissed an appeal by Delhi Metro Rail Corporation (DMRC) challenging a May 30 order directing the public sector undertaking (PSU) to pay Rs 60 crore as interest payments for outstanding loans taken by Delhi Airport Metro Express Private Limited (DAMEPL) for the construction of the Delhi airport express line. The single judge order had come on a plea by DAMEPL seeking the early payment of 75 per cent of the Rs 4,670 crore arbitration award passed in favour of the company on May 11 in the aftermath of the failed