The arbitral tribunal had held the decision of Reliance Infrastructure’s subsidiary Delhi Airport Metro Express Pvt. Ltd. to terminate its concession agreement for the project four years ago as valid, the company had said in a media statement. It intended to pay back Rs 1,900 crore to its lenders from the award.
A three-member tribunal bench, chosen from a DMRC-nominated panel, had unanimously ruled in favour of Reliance Infrastructure after hearing the case for about three-and-a-half years, the statement had said.
News Source - BloombergQuint