In a 133-page judgment, the court directed the Centre and the Delhi government to attend to DMRC's request for extension of sovereign guarantees or subordinate debt to help it pay its liabilities under the award.
The Central and Delhi governments each hold 50 per cent shares in the DMRC.
"The Union Ministry (of Housing and Urban Development) and GNCTD (Government of National Capital Territory of Delhi) shall forthwith attend to the requests of the DMRC for extension of sovereign guarantees/subordinate debt enabling it to liquidate its liabilities under the award. The aforesaid decision will be taken within two weeks from today," Justice Yashwant Varma said while reading out the operative part of the order. He added that if permission is given to DMRC it should deposit the entire amount payable along with interest within a month.
This story is from the March 18, 2023 edition of Business Standard.
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This story is from the March 18, 2023 edition of Business Standard.
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