Rs 4.5 crore refund to DMRC: Supreme Court issues notices to Reliance Infra Co, Axis Bank
The Supreme Court demands a response from Reliance Infrastructure's DAMEPL and Axis Bank regarding potential contempt proceedings. DMRC accuses them of defying an order to refund over ₹4,500 crore after an arbitration award was overturned. DAMEPL claims the funds were disbursed to lenders, including state-run banks.