New Delhi. The Supreme Court has given another big blow to debt-ridden veteran businessman Anil Ambani. While the Supreme Court has given a blow to Anil Ambani in a case related to Delhi Metro that has been going on for 14 years, it has given relief to DMRC. The court has directed his company to repay the entire amount of the original arbitral award given by Delhi Metro Rail Corporation (DMRC) to Delhi Airport Metro Express Private Limited (DAMEPL). Immediately after this news, Reliance Infra shares fell by 20%. The case was heard by a bench led by Chief Justice DY Chandrachud.
Industrialist Anil Ambani reached MP with wife Tina: Performed havan-puja in Baglamukhi temple, children were also with him
Earlier, at the start of trading in the stock market, the shares of Reliance Infra had opened at the level of Rs 286.65. However, after the decision of the Supreme Court, it fell badly to Rs 227.60. It is noteworthy that the 52 week high level of Reliance Infra shares is Rs 308 and low level is Rs 131.
Industrialist Anil Ambani appeared before ED, interrogated in a case related to foreign exchange violation…
Know what is the whole matter:
In fact, in the year 2008, an agreement was signed between Reliance Infrastructure’s DAMEPL and DMRC to build, operate and maintain the Delhi Airport Metro Express Line. In the year 2012, this agreement was terminated by Delhi Airport Metro, because it was claimed that some of the shortcomings pointed out by it were not rectified by DMRC. In 2017, an arbitral tribunal held that the company’s decision to terminate its concession agreement for the Delhi Airport Metro Express Line project four years ago was absolutely valid, and it won a sum of Rs 2,950 crore along with interest in the case. Was. After this, both of them went through several lawsuits and in the year 2021, this amount was finalized based on the decision of the Supreme Court. The arbitration amount including interest had increased to about Rs 8,000 crore last year. So far, the net recoverable amount is more than Rs 4,700 crore.