Delhi HC Asks DTC To Deposit Rs. 100 Cr As Tata Motors Seek Execution Of Rs. 326-Cr Arbitral Award.

The Delhi High Court has directed the Delhi Transport Corporation (DTC) to deposit Rs. 100 crore within five weeks with the registry of the court in the interim as the Tata Motors Limited (TML) moved an application for enforcement of an arbitral award of nearly Rs. 326 crore .

The issue emanates out of the bids invited by the DTC in the year 2008 for the supply of CNG-propelled AC and non-AC buses to be used during the Commonwealth Games. The scope of work under the contract was design, manufacture, supply, testing, and commissioning of the buses. TML was a successful bidder and entered a contract with the DTC for the supply of 650 AC and 975 non-AC buses.

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