Legal24 Jul 2025, 12:16 am
ITD Cementation India Ltd Wins Arbitration Against Delhi Metro Rail Corporation, Awarding Rs. 15.84 Crores in Damages
AI Summary
ITD Cementation India Limited has successfully initiated arbitration proceedings against Delhi Metro Rail Corporation (DMRC) before a 3-member Arbitral Tribunal (AT), seeking damages towards delay damages and change in scope for the work contract executed on the Dwarka-Najafgarh corridor. The AT passed an award on 22nd July, 2025, allowing some of the claims made by the Company, amounting to Rs. 15.84 Crores plus interest.
Key Highlights
- ITD Cementation India Ltd initiated arbitration proceedings against Delhi Metro Rail Corporation (DMRC).
- The 3-member Arbitral Tribunal passed an award on 22nd July, 2025, granting some of the claims made by the Company.
- The awarded amount is Rs. 15.84 Crores plus interest.
- The financial impact can only be determined upon actual receipt of the amount under the Award.
- The dispute arose from a work contract executed on the Dwarka-Najafgarh corridor.