Run services until Sept 17: HC to Gurgaon Rapid Metro

The division bench of Justice Rakesh Kumar Jain and Justice Arun Kumar Tyagi Monday said the dispute between the parties may be resolved by negotiation. The parties have been alleging violation of agreements, leading to invoking the termination clause that came into effect last week.

“You are an Indian company. You have to help,” observed the bench while addressing the counsel representing Rapid MetroRail, after it was argued that a termination notice was given to authorities in advance but they continued to remain in slumber till the last day.

The court also made it clear that it was intervening in public interest.

Rapid MetroRail Gurgaon — a consortium comprising IL&FS Transportation & Network Limited, ENSO Rail Systems Limited and DLF Metro Limited — is facing proceedings before the National Company Law Appellate Tribunal.
Justice D K Jain, appointed to supervise the operation of the debt resolution process, last week approved the transfer of the Rapid Metro to Haryana authorities.