Anil Ambani's Reliance Infrastructure subsidiary, Delhi Airport Metro Express Private Limited (DAMEPL), has been issued a 15-day notice by the Delhi Metro Rail Corporation (DMRC) to return 2,599 crores. This comes after the Supreme Court overturned an arbitration award in favor of Reliance Infrastructure's metro division, concluding that DMRC was entitled...
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to the refund. The dispute arose from a 2012 agreement for the design, construction, operation, and maintenance of the Delhi Airport Metro Express Line, which connects New Delhi Railway Station to Dwarka Sector 21. Following identified issues with the viaduct, DAMEPL ceased operations, ultimately withdrawing from the project in 2013. An arbitration tribunal had initially ruled in favor of DAMEPL, but the Supreme Court found the ruling invalid. This refund demand adds to the financial woes of Anil Ambani, who faces significant legal and financial challenges.