Mehta, who appeared for the DMRC, claimed this was the second instance where the company had showed such attitude. If this continues, a new policy call will be taken, Mehta said.
Delhi metro rail body to deposit Rs 1,000 crores in escrow account, ready to take over DAMEPL’s debt
DMRC also suggested taking over Reliance Infra’s debt to the extent of the award money.
The State-run utility had appealed OERC for settlement of outstanding dues of Rs 1,443.75 crore, Rs 1,001.04 crore and Rs 1,789.28 crore respectively from the three discoms.
According to sources, the DMRC board was presented with both, analysis of the DMRC's legal department of the SC order and the modalities of the payment worked out by the DMRC's finance department.
Reliance Infrastructure in a BSE filing also said that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company.
The payment from DMRC will be utilised for debt repayment and the company, which has a standalone debt of Rs 3,808 crore, will become debt free, Anil Ambani said.
Supreme Court rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors
The operational creditors have claimed that they had been unfairly or inequitably treated in regard to the distribution of funds.
Reliance Industrial Infrastructure Ltd said the net profit declined to Rs 1.72 crore from Rs 1.92 crore for the first quarter of the year 2019-20.