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 committed a jurisdictional error in agreeing to hear the government’s plea. The Bench pointed out that in the production sharing contract, RIL and the Ministry of Petroleum and Natural Gas had consciously agreed for arbitration to be held in London in case of any dispute. Reliance Industries had approached the Supreme Court for settlement of the dispute with the oil ministry over reimbursement of royalties and taxes in the Panna, Mukta and Tapti fields through arbitration in London.

London Arbitration Court Reliance Industries Reliance Panna Mukta Tapti  royalties  lets  production  ril  ministry  tapti  court  industries  oil  sc  reliance  hold  london  arbitration

History of this topic

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 Half Yearly Digest: January To June 2024
8 months, 2 weeks ago

Arbitration Cases Half Yearly Digest: January To June 2024

Live Law  

Supreme Court High Court Not Having Original Civil Jurisdiction Cannot Extend Time To Pass Arbitral Award As Per S.29A Arbitration Act : Supreme Court Case Title: CHIEF ENGINEER PWD VERSUS M/S BSC & C and C JV Citation : 2024 LiveLaw 425 The Supreme Court held that a High Court which does not have original civil jurisdiction does not have …

Arbitration Monthly Round-Up -March 2024
11 months, 2 weeks ago

Arbitration Monthly Round-Up -March 2024

Live Law  

Supreme Court Court May Refuse To Appoint Arbitral Tribunal If S.11 Petition Is Barred By Limitation Or Claim Is Ex-Facie Time Barred : Supreme Court Case Title: M/s Arif Azim Co. Ltd. Without Copy of Challenged Arbitral Award, Impossible To Consider Grounds To Set Aside Award: Delhi High Court Dismisses Section 34 Petition Case Title: Spml Infra Limited vs Ntpc …

Arbitration Weekly Round Up: 26th February to 3rd March 2024
1 year ago

Arbitration Weekly Round Up: 26th February to 3rd March 2024

Live Law  

Supreme Court Court May Refuse To Appoint Arbitral Tribunal If S.11 Petition Is Barred By Limitation Or Claim Is Ex-Facie Time Barred : Supreme Court Case Title: M/s Arif Azim Co. Ltd. The Delhi High Court single bench of Justice Sachin Datta held that the court under Section 27 of the Arbitration and Conciliation Act, 1996 cannot determine the admissibility, …

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 …

Arbitration Cases Weekly Round-Up: April 02 To April 08, 2023
1 year, 11 months ago

Arbitration Cases Weekly Round-Up: April 02 To April 08, 2023

Live Law  

Bombay High Court: Limited Remedy Available Under S. 34 Of A&C Act Against Award Of Compensation Under NHA, Is Not A Ground To Invoke HC’s Writ Jurisdiction: Bombay High Court Case Title: M/s Omanand Industries & Anr. Calcutta High Court: Facilitation Council Has Exclusive Jurisdiction To Arbitrate Claims After The Supplier’s Registration Under The MSMED Act: Calcutta High Court Case …

Supreme Court Dismisses Centre's Plea Alleging Bias Against Foreign Arbitrators In Reliance Industries Arbitration
2 years, 2 months ago

Supreme Court Dismisses Centre's Plea Alleging Bias Against Foreign Arbitrators In Reliance Industries Arbitration

Live Law  

The Supreme Court bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha dismissed the central government's appeal which had sought to cease arbitration proceedings initiated by Reliance industries, BP Exploration, and Niko Resources against the Ministry of Petroleum and Natural Gas. The counsel appearing for the Centre, Senior Advocate AK Ganguli stated that the government had "lost faith" in …

Arbitration Cases Weekly Round-Up: 9 October To 15 October, 2022
2 years, 5 months ago

Arbitration Cases Weekly Round-Up: 9 October To 15 October, 2022

Live Law  

Delhi High Court: Period Of Limitation For Referring The Dispute To Arbitration Commences Only After The Failure Of Pre-Arbitration Mechanism: Delhi High Court Case Title: Welspun Enterprises Ltd. versus NCC Ltd. Whether A Claim Is A 'Notified Claim' Under The Contract, Falls Outside The Scope Of Arbitration: Delhi High Court Case Title: M/s Janta Associates and Co. Ltd. versus Indian …

Delhi High Court stays Amazon-Future arbitration over Reliance deal
3 years, 2 months ago

Delhi High Court stays Amazon-Future arbitration over Reliance deal

The Hindu  

The Delhi High Court on Wednesday stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's ₹24,500-crore deal with Reliance. The high court also stayed a single judge's January 4 order that had dismissed the Future Group's two pleas seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against the former's deal with …

Delhi High Court Reserves Order On Plea By Future Group Challenging Orders Of Singapore Tribunal Refusing To Terminate Arbitration Proceedings
3 years, 2 months ago

Delhi High Court Reserves Order On Plea By Future Group Challenging Orders Of Singapore Tribunal Refusing To Terminate Arbitration Proceedings

Live Law  

The Delhi High Court will tomorrow pronounce orders on the plea filed by Future Group challenging the two orders passed by Singapore Arbitration Tribunal deferring hearing in it's plea seeking termination of arbitration proceedings after final hearing from January 5 to 8, 2022. Amazon invoked arbitration proceedings in Singapore to halt Future Retail's deal with the Reliance group. Background Justice …

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration
3 years, 5 months ago

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration

Business Standard  

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares Premium Last year, the resolution, proposed by Rakesh Gangwal to amend the company’s Art­icles of Association, was defeated by the shareholders. Arindam Majumder New …

Delhi High Court Upholds Emergency Award Passed In Favour Of Amazon Against Future-Reliance Deal, Imposes Rs 20 Lakhs Cost On Future
4 years ago

Delhi High Court Upholds Emergency Award Passed In Favour Of Amazon Against Future-Reliance Deal, Imposes Rs 20 Lakhs Cost On Future

Live Law  

The Delhi High Court on Thursday allowed the application field by Amazon to enforce the emergency award against the Future-Reliance deal.The High Court held that the emergency arbitrator is an arbitrator for all the intents and purposes under Section 17 of Arbitration and Conciliation Act and an order passed by such an emergency arbitrator is enforceable under sec. The Delhi …

Arbitration Court Reckoner : November & December 2020
4 years, 1 month ago

Arbitration Court Reckoner : November & December 2020

Live Law  

Section 2 & Section 2 Concept of emergency arbitration is not outside the scope or contrary to Part-1 of the Act In Future Retail Ltd. v Amazon.com Investment Holdings LLC & Ors., High Court of Delhi was dealing with a case where the international commercial arbitration was seated in India but was to be conducted in accordance with SIAC Rules …

Cairn Energy wins tax arbitration against India: What the case is all about
4 years, 2 months ago

Cairn Energy wins tax arbitration against India: What the case is all about

Business Standard  

India lost the Cairn arbitration case.The case was related to the retrospective tax amendment law and the verdict came late night Tuesday. Cairn received a notice from the income tax department in January 2014, raising a preliminary assessment of Rs 10,247 crore tax liability relating to the group reorganisation done in 2006, when Cairn UK transfered about 10 per cent …

Delhi High Court Says It Will Pass Its Order On Centre's Appeal Against Vodafone Grp Plc
4 years, 3 months ago

Delhi High Court Says It Will Pass Its Order On Centre's Appeal Against Vodafone Grp Plc

Live Law  

A Division Bench of Justice Rajiv Sahai Endlaw and Justice Asha Menon today said it would pass its order on an appeal by the Centre to restrain Vodafone Group Plc from initiating second arbitration proceedings under the India-UK Bilateral Protection Agreement, after the Centre asked the court to defer the appeal sine die, refusing to make a statement on whether …

Arbitration: Court Reckoner - July 2020
4 years, 6 months ago

Arbitration: Court Reckoner - July 2020

Live Law  

By way of the present column, an attempt is made to briefly review the salutary judgments pronounced by the Courts in the month of July 2020 under the Arbitration & Conciliation Act, 1996. v Bajaj Finance Ltd., High Court of Delhi while dealing with a petition seeking restraint on sale of pledged shares on the ground that the fall in …

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 …

PMT Gas Fields Case: SC dismisses plea of Centre against Arbitrator [Read the Judgment]
9 years, 5 months ago

PMT Gas Fields Case: SC dismisses plea of Centre against Arbitrator [Read the Judgment]

Live Law  

The Supreme Court on Tuesday dismissed Centre’s plea seeking removal of foreign arbitrator Peter Leaver, in a dispute between Reliance Industries and the Government over Panna Mukta and Tapti oil and gas fields.The Government’s case was argued by Solicitor General Ranjit Kumar, while the opposite party was represented by senior counsels Abhishek Manu Singhvi and Sameer. The Supreme Court on …

PMT Gas Fields Case: SC dismisses plea of Centre against Arbitrator [Read the Judgment]
9 years, 5 months ago

PMT Gas Fields Case: SC dismisses plea of Centre against Arbitrator [Read the Judgment]

Live Law  

The Supreme Court on Tuesday dismissed Centre’s plea seeking removal of foreign arbitrator Peter Leaver, in a dispute between Reliance Industries and the Government over Panna Mukta and Tapti oil and gas fields.The Government’s case was argued by Solicitor General Ranjit Kumar, while the opposite party was represented by senior counsels Abhishek Manu Singhvi and Sameer. The Supreme Court on …

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 …

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 …

Delhi High Court Slams Counsel for contending ‘fixing’; Asks Government and RIL to Co-operate
10 years, 10 months ago

Delhi High Court Slams Counsel for contending ‘fixing’; Asks Government and RIL to Co-operate

Live Law  

The Delhi High Court on Tuesday took strong objections to the submissions by the Delhi government, represented by Senior Advocate Vikas Singh, claiming that some kind of ‘fixing’ has occurred in the listing of RIL’s plea seeking quashing of the FIR brought about by the AAP Government against Oil Minister M Veerappa Moily and others alleging wrongdoing in raising gas …

Delhi High Court Slams Counsel for contending ‘fixing’; Asks Government and RIL to Co-operate
10 years, 10 months ago

Delhi High Court Slams Counsel for contending ‘fixing’; Asks Government and RIL to Co-operate

Live Law  

The Delhi High Court on Tuesday took strong objections to the submissions by the Delhi government, represented by Senior Advocate Vikas Singh, claiming that some kind of ‘fixing’ has occurred in the listing of RIL’s plea seeking quashing of the FIR brought about by the AAP Government against Oil Minister M Veerappa Moily and others alleging wrongdoing in raising gas …

Reliance consortium serves arbitration notice on gas pricing
10 years, 10 months ago

Reliance consortium serves arbitration notice on gas pricing

India TV News  

New Delhi: The consortium led by Reliance Industries has served a notice of arbitration on the Indian government, seeking the implementation of the natural gas pricing guidelines notified in January this year. In addition, this will also delay the ability of the parties to appraise and develop other significant discoveries made last year.”The consortium, the contractors for the KG DR …

Moily colluding with RIL to make a mockery of arbitration: Dasgupta
11 years, 6 months ago

Moily colluding with RIL to make a mockery of arbitration: Dasgupta

The Hindu  

The Supreme Court on Friday granted the Centre and the Petroleum Minister Veerappa Moily six weeks to file their response to a public interest litigation petition against the government decision to double, from April next, the price of the KG basin gas to $8.4 per million British thermal unit. Vahanvati, a Bench of Chief Justice P. Sathasivam and Justices Ranjana …

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 …

Government to go ahead with arbitration proceedings against RIL in KG D6 block
11 years, 8 months ago

Government to go ahead with arbitration proceedings against RIL in KG D6 block

The Hindu  

The Petroleum and Natural Gas Ministry has asserted that the arbitration dispute with Reliance Industries Limited pertaining to the cost recovery issue in the KG-D6 field will be taken to the logical conclusion. The government had, in May last year, disallowed $1.5 billion cost recovery expense of RIL for the KG-D6 gas fields for not implementing the approved field development …

Reliance Ind told to appoint new arbitrator for KG-D6 dispute
12 years ago

Reliance Ind told to appoint new arbitrator for KG-D6 dispute

The Hindu  

The Petroleum and Natural Gas Ministry is understood to have asked Reliance Industries Limited to appoint a new arbitrator for the KG-D6 block dispute with the Ministry, after a disclosure made by current arbitrator Justice D.M. Highly placed sources in the Petroleum and Natural Gas Ministry said the decision was taken after detailed discussions with the Directorate General of Hydrocarbons. …

Supreme Court leaves RIL-NTPC dispute to High Court
15 years, 5 months ago

Supreme Court leaves RIL-NTPC dispute to High Court

The Hindu  

The Supreme Court on Thursday declined to interfere with a Bombay High Court order permitting Mukesh Ambani group company Reliance Industries Ltd. to amend its written statement before the High Court in the gas dispute suit with NTPC. Chauhan while disposing of the NTPC’s appeal against the High Court’s order permitted NTPC to file a replication to deny the allegations, …

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