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Rel Infra-DMRC to end in legal battle

After the pull-out of Reliance Infra from Delhi Airport Expressline, DMRC has assured the commuters that services will remain unaffected for the passengers. The company had sent a letter to DMRC this week stating that it will not run services after 30 June. However the dispute relating to costs and compensation that Reliance Infra has claimed from DMRC could be a bitter legal spectacle to be settled through arbitration. 

Under arbitration R-Infra is going to claim costs worth Rs. 600 crore. In addition, if DMRC is found to be liable under the contract it will have to pay 100% of the company debt along with 130 per cent of the equity of the company. The claim costs of Rs. 600 crore includes a claim Rs 350 crore for project related issues and a claim for loss of reputation worth 250 crore. 

Full report here Business Standard


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