Lawstreet Journal

Anil Ambani's Reliance Infrastructure playing hide and seek, not here with clean hands; Delhi High Court

Lawstreet Journal 14 Jan 2022 1:40am

Image courtesy: Lawstreet Journal Judiciary Anil Ambani's Reliance Infrastructure playing hide and seek, not here with clean hands; Delhi High Court

"The High Court was hearing an execution case brought by a subsidiary of Reliance Infrastructure seeking to execute a Rs 7,200 crore arbitration judgement in its favour."

On the 11th of January, the Delhi High Court stated that Anil Ambani's Reliance Infrastructure and its subsidiary Delhi Airport Metro Express Private Limited (DAMEPL) were playing hide-and-seek with the Court and had not appeared with clean hands. [Delhi Airport Metro Express Private Limited v Delhi Metro Rail Corporation].

The remarks were made during the ongoing hearing of an execution case brought by DAMEPL before the bench of Justice Suresh Kumar Kait for seeking enforcement of the Rs 7,200 crore arbitration award that it won against the Delhi Metro Rail Corporation (DMRC). In September of last year, the Supreme Court reinstated the award.

The Senior Advocate Parag Tripathi, counsel for DMRC, informed the Court on Tuesday that the DAMEPL was in discussions with the DMRC to take over its obligations and liabilities of Rs 6,200 crore. This, according to Tripathi, was in contradiction to the company's statement in court, where it had flatly refused a similar offer from the Centre government. Tripathi highlighted the communications between DAMEPL and DMRC dated December 30, 31, and January 6 as proof that the company had been in contact with DMRC, and that it was willing to work with them provided they would take over the entire debt of DMRC's existing liabilities of Rs 6,200 crore.

DAMEPL's counsel, Advocate Prateek Seksaria, contended that the government was deceiving the Court on… Continue Reading...


Tagged: Anil Ambani  
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