SC QUASHES ₹7,687-CR. ARBITRAL AWARD AGAINST DELHI METRO AS ‘PATENTLY ILLEGAL

Why in the news?

Supreme Court quashes ₹7,687-cr. arbitral award against Delhi Metro as ‘patently illegal’, relieving DMRC from exorbitant liability.

source:slideserve

About the Court’s Decision:

  • Chief Justice Chandrachud, leading a three-judge Bench, deems the arbitral award as a “grave miscarriage of justice,” exercising Article 142 of the Constitution.
  • The court overturned its previous judgement upholding the award, acknowledging the High Court’s findings that it was “patently illegal.”
About Delhi Metro Rail Corporation (DMRC):

  • Operated by Delhi Metro Rail Corporation (DMRC), a public sector company established in May 1995.
  • DMRC operates Delhi Metro and Noida Metro as a joint venture between the central and state governments.
  • It plans and implements metro rail, monorail, and high-speed rail projects in India and overseas.
  • Jointly owned by the Government of India and the Government of Delhi.
  • Delhi Metro is India’s largest and busiest rapid transit system.
  • It connects the national capital region with satellite cities.

source:

https://www.thehindu.com/news/cities/Delhi/supreme-court-lifts-4700-cr-burden-off-dmrc-criticises-its-own-2021-verdict/article68049360.ece