Reliance Infra Stock Declines by 20% After SC Reverses Rs 8,000 Crore Award to DMRC

Reliance Infrastructure’s stock plummeted by 20% on April 10th after the Supreme Court (SC) overturned an Rs 8,000 crore arbitration award in favor of DMRC. This decision has severely impacted the company’s financial prospects, leading to a loss of investor confidence and increased legal and financial challenges for Reliance Infra.

BREAKING|| Win for DMRC | SC Sets Aside Arbitral Award Favoring Anil Ambani Firm in Delhi Airport Metro Case

CJI led bench Today (April 10th) nullified a Rs 2,800 crore arbitral award that favored Anil Ambani’s company, Delhi Airport Metro Express Pvt Ltd (DAMEPL), against the Delhi Metro Rail Corporation (DMRC). This decision pertains to the dispute concerning the Delhi Airport Express Line.