Rapid MetroRail Gurgaon Limited Etc. vs Haryana Mass Rapid Transport Corporation Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(SC) 175

D.Y.CHANDRACHUD, M.R.SHAH, SANJIV KHANNA
Rapid MetroRail Gurgaon Limited Etc. – Appellant
Versus
Haryana Mass Rapid Transport Corporation Limited – Respondent

Advocates:
Advocate Appeared:
For the Appellant : Mr. Mukul Rohatgi, Sr. Adv. Mr. Puneet Bali, Sr. Adv. Mr. Raunak Dhillon, Adv. Mr. Abhijeet Das, Adv. Mr. Aditya Marwah, Adv. Mr. Subhankar Jain, Adv. M/s. Cyril Amarchand Mangaldas
For the Respondent: Mr. Tushar Mehta, SG Mr. Chetan Mittal, Sr. Adv. Mr. Alok Sangwan, Sr. AAG, Mr. B.K. Satija, AAG, Mr. Rajesh Goel, Adv. Mr. Sumit Kumar Sharma, Adv. Mr. Anurag Kulharia, Adv. Mr. Sandeep, Adv. Mr. Jatin Kumar, Adv. Mr. Udit Garg, Adv. Mr. Himanshu Gupta, Adv. Mr. Deven Munjal, Adv. Mr. Akshit Jain, Adv. Dr. Monika Gusain, AOR Mr. Rajive Bhalla, Adv. Mr. Yajur Bhalla, Adv. Mr. Deepak Samota, Adv. Mr. Rohit Kumar Pihal, Adv. Mr. Ashish Bajpayee, Adv. Mr. Siddharth Srivastava, Adv. Mr. Shubham Bhalla, AOR Mrs. Kanchan Kaur Dhodi, AOR Mr. Sanjay Bajaj, Adv. Mr. Amit K. Nain, AOR

JUDGMENT :

Dr. Dhananjaya Y. Chandrachud, J.

This judgment has been divided into the following sections to facilitate analysis:

A. Factual background

B. Submissions of counsel

C. Analysis of the Concession Agreements

D. Terms of the consent order dated 20 September 2019 passed by the High Court

E. Obligations of HMRTC and HSVP to pay the debt due

F. Conclusion

A. Factual background

1. In 2008, Haryana Shehri Vikas Pradhikaran (“HSVP”), the second respondent, issued a Request for Qualification and Request for Proposal (“RFQ/RFP”) for developing a metro rail link from Delhi Metro Sikanderpur Station on MG Road to NH-8 (“Project No.1”). A Consortium Agreement was entered into on 1 December 2008 between IL&FS Rail Limited (“IRL”), IL&FS Transportation Networks Limited (“ITNL”) and DLF Metro Limited in which IRL was identified as the lead member of the consortium. HSVP accepted the bid submitted by the consortium and issued a letter of award of 16 July 2009, subject to the condition that a concession agreement would be executed within 60 days. Pursuant to the letter of award, the consortium incorporated the first appellant, Rapid MetroRail Gurgaon Limited (“RMGL”), under the Companies Act, 1956 (

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2021 Supreme(SC) 175

D.Y.CHANDRACHUD, M.R.SHAH, SANJIV KHANNARapid MetroRail Gurgaon Limited Etc. – AppellantVersusHaryana Mass Rapid Transport Corporation Limited – Respondent

Cases Referred (3)

D.Y.CHANDRACHUD, M.R.SHAH, SANJIV KHANNA
Rapid MetroRail Gurgaon Limited Etc. – Appellant
Versus
Haryana Mass Rapid Transport Corporation Limited – Respondent