A high-level meeting between the senior officials of Delhi Government, Delhi Metro,  leading banks and Union Ministry of Housing and Urban Affairs (MoHUA) is scheduled to be held on Thursday to discuss the payment of an award to Delhi Airport Metro Express Private Limited (DAMEPL). The meeting has been convened after Delhi Metro wrote to the Delhi Government and MoHUA, seeking financial assistance for the payment of an arbitral award to DAMEPL.

According to the sources, the managing director and director (finance) of the Delhi Metro and representatives of several banks are expected to take part in the meeting to be held at Nirman Bhawan, they said.

The Delhi Metro on October 31 had told the Delhi High Court that a meeting with the Centre and the city Government was scheduled to discuss modalities on payment of the balance arbitral award to the DAMEPL. The Delhi Metro told the court that the meeting is fixed for November 10 and some proposals are expected to come out of it.

The high court was hearing an application from the DAMEPL which said the DMRC has paid it only Rs 166.44 crore on March 14.

The DAMEPL has also sought direction to the corporation for a payment of Rs 4427.41 crore by attachment of its bank accounts and fixed deposits. The interest continues to apply till the date of actual payment by the Delhi Metro, it said.

In September, the high court had granted four weeks to the Delhi Metro to make outstanding payment in relation to the arbitral award, failing which it would be "constrained" to call for the appearance of the Delhi Metro's managing director.