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.

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