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.
The Supreme Court recently delved into a commercial curative petition filed by Delhi Metro Rail Corporation against Delhi Airport Metro Express. Chief Justice DY Chandrachud emphasized the high threshold for such petitions, highlighting the complexities of reopening cases in commercial disputes. The case sheds light on the interplay between constitutional provisions and the nuances of commercial disputes, with implications for future cases.
