Government to move High Court against Reliance arbitration award, says Pradhan
6 years, 7 months ago

Government to move High Court against Reliance arbitration award, says Pradhan

India TV News  

Government to move High Court against Reliance arbitration award, says Pradhan Oil Minister Dharmendra Pradhan on Friday said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC Oil Minister Dharmendra Pradhan on Friday said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC. A three-member international arbitration tribunal, by a majority vote last week, held that Reliance could contractually produce and sell any gas that might have migrated from adjoining fields of state-owned Oil and Natural Gas Corp into its area and that it was not obligated to seek prior permission of the government for doing so. With one member dissenting, the arbitration panel had held that the production sharing contract for eastern offshore KG-D6 fields "does not prohibit but permits" Reliance "to produce and sell gas which migrated into the sub-sea reservoir lying within Contract Area from a source outside the Contract Area". Reliance "has not been and will not be unjustly enriched by any production of migrated gas as a result of Petroleum Operations conducted within its Contract Area".

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History of this topic

Reliance says Oil Ministry raised $2.81 billion demand in gas dispute case
2 weeks, 4 days ago

Reliance says Oil Ministry raised $2.81 billion demand in gas dispute case

The Hindu  

Reliance Industries said on Tuesday the Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute case. On February 14, a division bench at Delhi High Court ruled against Reliance and its partners in a dispute regarding extraction of gas in a deepwater field in India's …

Reliance Industries says oil ministry raised $2.81 billion demand in gas dispute case
Trending News
2 weeks, 4 days ago

Reliance Industries says oil ministry raised $2.81 billion demand in gas dispute case

India Today  

Reliance Industries Limited said on Tuesday the country's Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute case. On February 14, a division bench at Delhi High Court ruled against Reliance and its partners in a dispute regarding extraction of gas in a deepwater field …

Delhi HC overturns arbitration award favouring Reliance in KG Basin dispute
1 month, 1 week ago

Delhi HC overturns arbitration award favouring Reliance in KG Basin dispute

The Hindu  

In a setback for Reliance Industries Limited, the Delhi High Court on Friday overturned a 2018 international arbitral award which favoured the Mukesh Ambani-led company and its foreign partners in a dispute over gas migration from fields operated by State-owned Oil and Natural Gas Corporation in the Krishna Godavari basin. Acting on an appeal filed by the Central government, Justice …

Delhi High Court overturns arbitration award favouring Reliance in $1.7 bn gas migration dispute
1 month, 1 week ago

Delhi High Court overturns arbitration award favouring Reliance in $1.7 bn gas migration dispute

Live Mint  

In a setback for Mukesh Ambani-led Reliance Industries Ltd, the Delhi High Court’s division bench on Friday overturned an international arbitration tribunal’s ruling that had previously favoured the company in its $1.7 billion dispute with Oil and Natural Gas Corp. Ltd over alleged gas migration from adjoining fields. The bench, comprising justices Rekha Palli and Saurabh Banerjee, also set aside …

Arbitration Cases Weekly Round-Up: May 07 To May 13, 2023
1 year, 10 months ago

Arbitration Cases Weekly Round-Up: May 07 To May 13, 2023

Live Law  

Supreme Court: Award Can Be Said To Be Suffering From 'Patent Illegality' Only If It Is An Illegality Apparent On The Face Of It : Supreme Court Case Title: Reliance Infrastructure Ltd. vs State of Goa The Supreme Court has observed that an award could be said to be suffering from “patent illegality” only if it is an illegality apparent …

Delhi high court rejects govt plea against RIL
1 year, 10 months ago

Delhi high court rejects govt plea against RIL

Live Mint  

The Delhi high court on Tuesday dismissed a petition filed by the Union government against a consortium led by Reliance Industries Ltd regarding a gas dispute in the Krishna Godavari basin. The ministry approached the court after an international arbitration panel rejected its fine of $1.55 billion on Reliance Industries and partners BP Plc and Niko Resources for allegedly selling …

Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd related to Barmer oil field in Rajasthan
2 years, 7 months ago

Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd related to Barmer oil field in Rajasthan

Firstpost  

Vedanta Ltd has moved the top court against the 26 March judgement of a division bench of the Delhi High Court setting aside a single judge order directing the Centre to extend till 2030 its PSC with Vedanta Ltd and ONGC to produce oil from the Barmer oil field New Delhi: The Supreme Court on Friday sought a response from …

Non Applicability Of Section 9 Of The A&C Act Can't Be Presumed If Parties Opted For Foreign-Seated Institutional Arbitration: Delhi High Court
2 years, 8 months ago

Non Applicability Of Section 9 Of The A&C Act Can't Be Presumed If Parties Opted For Foreign-Seated Institutional Arbitration: Delhi High Court

Live Law  

The High Court of Delhi has held that merely because the parties have chosen a foreign-seated institutional arbitration under the UNCITRAL Law, they cannot be presumed to have entered into an agreement to exclude the applicability of Section 9 of the A&C Act as provided under the proviso to Section 2 of the A&C Act. Objection regarding the maintainability of …

'Better Wind Up Tribunal' : Supreme Court Disapproves APTEL Technical Member Hearing GAIL Cases Despite Being Ex-GAIL Chairman
3 years, 1 month ago

'Better Wind Up Tribunal' : Supreme Court Disapproves APTEL Technical Member Hearing GAIL Cases Despite Being Ex-GAIL Chairman

Live Law  

The Supreme Court of India on Tuesday expressed its disapproval towards a Technical Member of Appellate Tribunal for Electricity who was former interim Chairman and Managing Director of Gail Limited hearing appeals involving GAIL. the CJI Ramana remarked A Bench comprising CJI NV Ramana, Justice AS Bopanna and Justice Hima Kohli made the observations while hearing a special leave petition …

India filing appeal against Cairn arbitration award, say sources
4 years ago

India filing appeal against Cairn arbitration award, say sources

The Hindu  

India is in the process of filing an appeal against an arbitration panel ruling asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. India is in the process of filing an appeal in the Cairn arbitration award case, they said, adding it was well within India’s sovereign powers to redress the situation …

India will file appeal in Cairn arbitration case
4 years ago

India will file appeal in Cairn arbitration case

Live Mint  

India will file an appeal in the Cairn arbitration award case relating to the tax dispute concerning the British oil firm, sources said. They said Cairn Energy set up "a tax abusive structure" and did not pay taxes anywhere in the world on the gains that it made in India. However, India is open for a constructive settlement of tax …

pricing of domestically produced gas supervisory power of govt-IndiaTV News – India TV
9 years, 11 months ago

pricing of domestically produced gas supervisory power of govt-IndiaTV News – India TV

India TV News  

New Delhi: The pricing of domestically produced gas is a "supervisory power" of the government and its dispute with Reliance Industries Limited cannot be subjected to arbitration proceedings, the Supreme Court has been told. "Pricing of domestically produced gas is a supervisory power of the government, which cannot be divested. "The role of the government is to lay down policies …

SC lets RIL to hold arbitration in London
10 years, 9 months ago

SC lets RIL to hold arbitration in London

The Hindu  

In a relief to Reliance Industries, the Supreme Court on Wednesday allowed arbitration proceedings with the Centre to be held in London on the issue of payment of royalties and taxes relating to Panna, Mukta and Tapti oil and gas fields. Allowing appeal filed by Reliance Industries against a Delhi High Court verdict, the bench said that the High Court …

Only British courts can hear plea challenging arbitration: SC to RIL
10 years, 9 months ago

Only British courts can hear plea challenging arbitration: SC to RIL

Firstpost  

The verdict came on an appeal filed by Reliance challenging the Delhi High Court verdict which allowed the central government’s plea challenging the award of London arbitration tribunal against it. New Delhi: The Supreme Court on Wednesday ruled that only British courts can hear a petition that challenges the decision of a London arbitration tribunal on Panna-Mukta and Tapti gas …

SC allows Reliance Industries's plea seeking arbitration in London
10 years, 9 months ago

SC allows Reliance Industries's plea seeking arbitration in London

Firstpost  

The Supreme Court on Wednesday allowed the plea of Reliance Industries Ltd seeking arbitration in London over its dispute with the Centre on the Panna, Mukta and Tapti oil and gas fields. New Delhi: The Supreme Court on Wednesday allowed the plea of Reliance Industries Ltd seeking arbitration in London over its dispute with the Centre on the Panna, Mukta …

Moily has junked arbitration to help Reliance, Dasgupta tells court
11 years, 7 months ago

Moily has junked arbitration to help Reliance, Dasgupta tells court

The Hindu  

The Supreme Court on Monday issued notice to the Centre, Petroleum Minister M. Veerappa Moily and Reliance Industries Limited on a public interest litigation petition challenging the government’s decision to double the price to $8.4 per million British thermal unit for gas produced from the KG basin. Senior counsel Colin Gonsalves, appearing for the petitioners, said the decision to raise …

Govt. files reply to RNRL affidavit in Supreme Court
15 years, 5 months ago

Govt. files reply to RNRL affidavit in Supreme Court

The Hindu  

The Centre filed its reply to an affidavit filed by Reliance Natural Resources in the Ambani brothers’ gas dispute on Monday and said that its legal rights have been affected by the Bombay High Court ruling on the matter. The government, in its affidavit filed through Ministry of Petroleum and Natural Gas Under Secretary S M Sundaram, said that its …

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