Reliance Infrastructure: Proceeds from arbitral award in favour of DAMEPL to be utilised for debt reduction
In a major relief to the Anil Ambani group Reliance Infrastructure, the Supreme Court on Thursday upheld the 2017 arbitration award worth around Rs 4,600 crore in favour of DAMEPL, enforceable against Delhi Metro Rail Corporation, saying there is disturbing tendency of courts setting aside arbitral awards.