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 and Tapti oil and gas fields. A bench of justices S S Nijjar and A K Sikri set aside the Delhi High Court order by which it had agreed to hear the government’s plea against the arbitration proceedings in London. Tapti, Panna and Mukta fields were awarded to a joint unincorporated venture of Reliance Industries and Enron Oil and Gas India Ltd in 1994 after biddings.

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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 …

Court At Designated Seat Would Have Exclusive Jurisdiction To Entertain Applications Arising Out Of Arbitration: Chhattisgarh HC
3 months, 1 week ago

Court At Designated Seat Would Have Exclusive Jurisdiction To Entertain Applications Arising Out Of Arbitration: Chhattisgarh HC

Live Law  

The Chhattisgarh High Court bench of Justices Shri Sanjay K. Agrawal and Shri Radhakishan Agrawal has held that court having supervisory jurisdiction over seat designated in the Arbitration Agreement would have exclusive jurisdiction to entertain all applications arising out of the arbitration proceedings. Brief Facts The present appeal has been filed under section 37 of the Arbitration Act against an …

Arbitration Weekly Round-Up: 25th December to 31st December
1 year, 2 months ago

Arbitration Weekly Round-Up: 25th December to 31st December

Live Law  

Bombay High Court Debt Owed To Financial Institutions Under SARFAESI Is Arbitrable, Not Debt Under RDDB Act: Bombay High Court Case Title: Tata Motors Finance Solutions Ltd v. Naushad Khan, Commercial Arbitration Petition No. Delhi High Court Domain Name Infringement, S.34 Restrains Judicial Interference In Issues Of 'Subjective Satisfaction'; Delhi High Court Case Details: QUANTUM UNIVERSITY v. INTERNATIONAL QUANTUM UNIVERSITY …

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 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 …

'Heavens Will Fall' : Supreme Court Asks Centre How Business Friendly Environment Is Created When Arbitration Proceedings Are Delayed
2 years, 3 months ago

'Heavens Will Fall' : Supreme Court Asks Centre How Business Friendly Environment Is Created When Arbitration Proceedings Are Delayed

Live Law  

The Supreme Court on Wednesday expressed anguish at the attempt made by the Union Government to delay an international arbitration proceedings initiated by the Reliance Industries and asked if this is the way to create a business friendly environment.Senior Advocate Harish Salve, appearing for the Reliance Industries, mentioned the matter before the Chief Justice of India DY Chandrachud the. The …

Arbitration Cases Weekly Round-Up: 27 November To 3 December, 2022
2 years, 3 months ago

Arbitration Cases Weekly Round-Up: 27 November To 3 December, 2022

Live Law  

Bombay High Court: Participation In Arbitral Proceedings, Does Not Disentitle Party To Challenge Award On Ground Of Unilateral Appointment Of Arbitrator: Bombay High Court Case Title: Naresh Kanayalal Rajwani & Ors. The Bombay High Court has ruled that merely because a party participated in the arbitration proceedings, it is not disentitled from challenging the arbitral award on the ground that …

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 …

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 …

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 …

Supreme Court upholds Plea by Reliance and BG Group; Allows Arbitration in London
10 years, 9 months ago

Supreme Court upholds Plea by Reliance and BG Group; Allows Arbitration in London

Live Law  

A Supreme Court Bench of Justice S.S. Nijjar and Justice A.K. Sikri today, set aside the Delhi High Court order and allowed Reliance Industries Ltd. to go ahead with the arbitration in London over the row with the Centre on the Panna, Mukta and Tapti oil and gas fields. The dispute exists over reimbursement of royalties and taxes in the …

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 …

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 …

Tribunal adjourns Reliance Industries-Sebi case till January 24
12 years, 2 months ago

Tribunal adjourns Reliance Industries-Sebi case till January 24

India TV News  

Mumbai, Jan 11: The Securities Appellate Tribunal today adjourned hearing on Reliance Industries' appeal against the Securities and Exchange Board of India till January 24, after the market regulator sought more time to study the petition in a case related to its rejection of a settlement plea by the corporate major. Reliance Industries Ltd had sought to settle certain investigations …

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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