Supreme Court sets aside arbitral award of Rs 8K crore in favour of Reliance firm

The Supreme Court on Wednesday set aside its own three year old judgment that awarded an Anil Ambani group firm Rs 8,000 crore in a dispute with Delhi Metro and asked the company to return about Rs 2,500 crore it had already received, holding that the previous verdict caused "grave miscarriage of injustice" to a public utility which was saddled with an exorbitant liability.

Allowing the curative plea of the Delhi Metro Rail Corporation (DMRC) against the 2021 judgement, a special bench headed by Chief Justice D Y Chandrachud said the order of the Delhi High Court division bench was a "well-considered decision" and "there was no valid basis" for the Supreme Court to interfere with it interference by the The apex court, in its earlier decisions, had resulted in restoring a patently illegal award, it said.

"The judgment of the twojudge Bench of this Court, which interfered with the judgment of the Division Bench of the High Court, has resulted in a miscarriage of justice.