The Supreme Court on Wednesday quashed an arbitral tribunal award directing the Delhi Metro Rail Corporation (DMRC) to pay ₹7,687 crore to Delhi Airport Metro Express Private Limited (DAMEPL), a special purpose vehicle of Reliance Infrastructure Limited and Spain’s Construcciones Y Auxiliar de Ferrocarriles SA.
A three-judge Bench of Chief Justice of India D.Y. Chandrachud, Justices B.R. Gavai and Surya Kant exercised the apex court’s rare powers under Article 142 of the Constitution in a curative petition filed by DMRC to lift the “exorbitant” liability off the public utility’s shoulders.
Chief Justice Chandrachud, who authored the 39-page judgment, said DMRC had suffered a “grave miscarriage of justice” from the arbitral award of 2017.
