DAMEPL files fresh application against DMRC

| | NEW DELHI
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DAMEPL files fresh application against DMRC

Monday, 10 January 2022 | Staff Reporter | NEW DELHI

Reliance Infrastructure subsidiary, Delhi Airport Metro Express Pvt. Ltd. (DAMEPL) has filed an application in the Delhi High Court stating that the DMRC has failed to comply with the order passed on 22 December, directing DMRC to make full disclosure of all their bank accounts and the funds lying in those accounts, within one week.

The application filed by DAMEPL on 7 January was in response to DMRC's belatedly filed affidavit on 5 January in which it has made a partial/ limited disclosure of its bank accounts only with respect to Rs. 1642.69 crores out of the total funds of Rs. 5800.93 crores that it had disclosed in the court through its last affidavit filed on 21 December 2021.

DAMEPL in its application said that the DMRC has intentionally not provided details of its remaining funds and bank accounts, which is blatant disregard and contempt of the Delhi High Court order.

“The delay in the payment of Arbitral Award by DMRC is costing the taxpayer an additional interest burden of almost Rs.1.75 crores per day,'' it said.

It may be noted that DMRC, in its last affidavit filed on 21 December in the Delhi High Court, had informed that it had total funds worth Rs 5800.93 crores, as on 17 December 2021.

Out of this, Rs. 1642.69 crores were classified as DMRC funds, Rs. 2412.12 crores as Project funds, and balance Rs. 1746.12 crores as other than DMRC funds.

DAMEPL, in its application, has requested Delhi HC to direct DMRC to comply with the Court's previous order in letter and spirit and furnish complete details of all its bank accounts and the funds lying in those accounts along with the respective bank statements, on or before the next date of hearing i.e. 11 January.

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