Gas prices: Moily overruled anyone who was against Reliance, SC told
11 years ago

Gas prices: Moily overruled anyone who was against Reliance, SC told

Firstpost  

New Delhi: Alleging collusion between the government and Reliance Industries Ltd, veteran communist lawmaker Gurudas Dasgupta on Tuesday told the Supreme Court that Petroleum Minister Veerappa Moily overruled every recommendation adversely affecting the company’s operations in KG basin without justifying his decision. “Moily overruled every authority” and “series of people from the petroleum ministry, finance ministry, two parliamentary committees, hydrocarbon regulator DGH, CAG, and experts” and changed decisions that were inconvenient to RIL, said counsel Colin Gonsalves, appearing for the Communist parliamentarian. Praising officials for not budging from “technical and principled” positions despite Moily coming in as petroleum minister in place of S Jaipal Reddy, Dasgupta told the the bench of Justice BS Chauhan, Justice J Chelameswar and Justice Kurian Joseph that even three months before the general elections, Moily was committing the government with a decision that will “saddle the future governments and generations” with the consequences of doubling the gas prices from $4.2 to $8.4 mmbtu. The court was told this in the course of a hearing of two PILs seeking the junking of the government decision to increase the gas price from $4.2 mmbtu to $8.4 mmbtu and NGO Common Cause seeking an SIT/CBI probe into the increase of gas prices, giving retrospective tax benefits and not insisting on the relinquishment of gas blocks in KG basin by Reliance Industries.

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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 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 …

SC disposes ONGC-Gujarat govt royalty payment case
8 years, 1 month ago

SC disposes ONGC-Gujarat govt royalty payment case

Live Mint  

New Delhi: The Supreme Court on Monday disposed of a case relating to royalty payment of Rs10,000 crore for onshore drilling by Oil and Natural Gas Corp. Ltd and the Gujarat government as the parties reached a settlement. “The settlement is legal and since ONGC is a public sector undertaking, we have taken this decision,” the central government law officer, …

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 …

Spooks and spies, past and present
10 years ago

Spooks and spies, past and present

The Hindu  

CORPORATE espionage in India is hardly new. These underlings in the bureaucracy are regularly bribed by fixers and agents—often for ridiculously small sums of money—for leaking privileged “classified” information to privately owned business groups whose representatives, on occasions, bid against one another to be the first to gain access to information about government decisions and policies that could give them …

Reliance Industry Ltd setback to Oil Ministry: GAIL, CPCL refuse to comply with KG-D6 order
10 years, 7 months ago

Reliance Industry Ltd setback to Oil Ministry: GAIL, CPCL refuse to comply with KG-D6 order

India TV News  

New Delhi: In a setback to Oil Ministry, gas utility GAIL and refiner CPCL have expressed their inability to deduct USD 115 million from the amount due to Reliance Industries to make up for the additional profit petroleum from the flagging KG-D6 block. Oil Minister Dharmendra Pradhan had last month told the Parliament that his Ministry has disallowed RIL from …

Gas pricing: Delhi anti-graft agency says probe against Reliance valid
10 years, 7 months ago

Gas pricing: Delhi anti-graft agency says probe against Reliance valid

The Hindu  

The Anti-Corruption Bureau of the Delhi government has filed an affidavit in the Delhi High Court saying it has jurisdiction to lodge a report against Reliance Industries and former Petroleum Minister M. Veerappa Moily, among others, in the gas pricing issue. But before the decision could be notified, the Election Commission asked the central government to defer announcing new price …

Delhi anti-graft agency says Reliance gas probe valid
10 years, 7 months ago

Delhi anti-graft agency says Reliance gas probe valid

India TV News  

New Delhi: The anti-graft wing of the Delhi government has filed an affidavit in the high court saying it has jurisdiction to lodge a report against Reliance Industries and former petroleum minister M. Veerappa Moily, among others, in the gas pricing issue. The matter pertains to an approval by the cabinet of the previous United Progressive Alliance government in January …

Reliance 'saddened' by ONGC chief's 'theft' remarks
10 years, 9 months ago

Reliance 'saddened' by ONGC chief's 'theft' remarks

India TV News  

Mumbai: Reliance Industries Friday felt “saddened” by the remarks of the ONGC chief on alleged “theft” of gas in the Krishna-Godavari basin, and said as the matter was sub judice it called for restraint by both parties. “We deny the claim of apparent ‘theft' of gas from G4 & KG DWN 98/2 Block by Reliance Industries and can only attribute …

ONGC claims RIL took its natural gas; HC seeks Centre's reply
10 years, 10 months ago

ONGC claims RIL took its natural gas; HC seeks Centre's reply

India TV News  

New Delhi: The Delhi High Court today sought response of the Centre and Reliance Industries Ltd on a plea by state-owned Oil and Natural Gas Corporation which has accused the Mukesh Ambani-led group of exploiting gas from its natural gas block in Krishna-Godavri basin. Justice Manmohan issued notice to the Ministry of Petroleum and Natural Gas, directorate General of Hydrocarbons …

Gas row: Centre denies allegations in SC
10 years, 11 months ago

Gas row: Centre denies allegations in SC

India TV News  

Gas row: Centre denies allegations in SC New Delhi: The Centre today denied in the Supreme Court all allegations of collusion and malafide raised in petitions relating to contract given to Reliance Industries Ltd for exploration of oil and gas from Krishna-Godavari New Delhi: The Centre today denied in the Supreme Court all allegations of collusion and malafide raised in …

Prasant Bhusan demands investigation into 6500 Crore money transfer to Reliance Companies from Singapore
10 years, 11 months ago

Prasant Bhusan demands investigation into 6500 Crore money transfer to Reliance Companies from Singapore

Live Law  

Interesting developments of great public interest are happening in ongoing hearing of Reliance KG Basin Gas case being heard by the Supreme Court. The gas contract and pricing is being questioned by two Public Interest Petitions No.513/2013 and W.PNo.728/2013)filed by Gurudas Dasgupta, a veteran leader of Communist Party of India and Common Cause, an NGO of repute.The PIL is being. …

Can't terminate RIL's KG-D6 gas contract on target issue: Moily tells PM
11 years ago

Can't terminate RIL's KG-D6 gas contract on target issue: Moily tells PM

Firstpost  

While the contract provides for termination in case of a default by a contractor, the Oil Ministry under S Jaipal Reddy in May 2012 had slapped penalty of $1.005 billion on RIL for failing to produce natural gas in line with the pre-stated targets. New Delhi: With AAP leader Arvind Kejriwal making the hike in gas prices an election issue, …

Kejriwal fires salvo against Moily, Mukesh on gas pricing
11 years, 1 month ago

Kejriwal fires salvo against Moily, Mukesh on gas pricing

The Hindu  

Delhi Chief Minister Arvind Kejriwal on Tuesday ordered the filing of an FIR against Union Petroleum Minister M. Veerappa Moily, former Minister Murli Deora, Reliance Industries Ltd. chairman Mukesh Ambani and former Director General of Hydrocarbons V.K. Subramanian, former Navy Chief Admiral R.H. Tahiliani, Supreme Court lawyer Kamini Jaiswal and former Expenditure Secretary E.A.S. The move drew an immediate response …

Delhi chief minister orders ACB to file FIRs against Moily, Deora, Mukesh Ambani
11 years, 1 month ago

Delhi chief minister orders ACB to file FIRs against Moily, Deora, Mukesh Ambani

India TV News  

New Delhi: The Delhi chief minister Arvind Kejriwal today ordered the Anti-Corruption Bureau to file FIRs against Petroleum Minister Veerappa Moily, former Petroleum Minister Murli Deora, Reliance Industries Ltd, its chairman Mukesh Ambani and V K Duggal, former director-general hydrocarbons and others, for causing huge loss to the nation's exchequer by hiking the cost of production for supply gas. In …

Not done any favour to RIL, Veerappa Moily tells SC
11 years, 3 months ago

Not done any favour to RIL, Veerappa Moily tells SC

India TV News  

New Delhi: Petroleum Minister M. Veerappa Moily has told the Supreme Court that he has not done any favour to Reliance Industries and allegations levelled against him by Communist Party of India member of Parliament Gurudas Dasgupta are baseless and politically motivated. This baseless allegation not only defames him but also the entire process of Cabinet formation and allocation of …

SC judge recuses himself from PIL on gas price hike
11 years, 6 months ago

SC judge recuses himself from PIL on gas price hike

The Hindu  

Supreme Court Judge H L Dattu on Monday recused himself from hearing a plea against the Centre and Reliance Industries Ltd on the government’s controversial decision to raise the price of natural gas. “Not before me,” Justice Dattu said when a PIL, filed by civil society members including former Cabinet Secretary T S R Subramanian and ex-Naval chief Admiral L …

RIL terms govt move to force old gas price illegal
11 years, 6 months ago

RIL terms govt move to force old gas price illegal

The Hindu  

Lashing out at a move to force it to sell gas from main KG-D6 fields at old rate of $ 4.2, Reliance Industries said the “illegal” action runs contrary to the signed contract and will stifle private investment in oil and gas hunt. Mr. Prasad said any move to penalise it on allegations of hoarding gas made by certain vested …

SC to examine gas price policy, issues notices to Centre, RIL
11 years, 7 months ago

SC to examine gas price policy, issues notices to Centre, RIL

India TV News  

New Delhi, Jul 29: Government's controversial decision to raise the price of natural gas reached the Supreme Court which today agreed to examine the matter. Taking up a PIL filed by CPI MP Gurudas Dasgupta, the court issued notices to the Centre, Reliance Industries Ltd and the Petroleum Minister Veerappa Moiley.The bench headed by Chief Justice P Sathasivam said that …

Gas price hike a mega scam in the making: Dasgupta
11 years, 9 months ago

Gas price hike a mega scam in the making: Dasgupta

The Hindu  

The Petroleum and Natural Gas Ministry is on the verge of perpetrating a “gigantic scam” by advocating a gas price hike that would benefit the Mukesh Ambani-owned Reliance Industries Limited to the tune of thousands of crores, said CPI MP Gurudas Dasgupta at a press conference here on Thursday. Mr. Dasgupta has sought the intervention of Prime Minister Manmohan Singh …

Govt rebuts allegations of favouritism towards RIL
12 years, 4 months ago

Govt rebuts allegations of favouritism towards RIL

The Hindu  

The government on Thursday strongly rebutted allegations of it showing favouritism towards Reliance Industries, saying decisions were taken objectively without fear or favour and that it had way back in 2010 rejected the company’s demand for a revision in gas price. Terming allegations levelled by India Against Corruption as “baseless and frivolous, the Oil Ministry in a six-page statement said …

Ministry to support NTPC in KG gas row
15 years, 7 months ago

Ministry to support NTPC in KG gas row

The Hindu  

In a turnaround of sorts giving a new twist to the ongoing battle over the KG basin gas, the Petroleum and Natural Gas Ministry on Wednesday decided to support the state-run NTPC in its legal battle against Mukesh Ambani-owned Reliance Industries Limited for fulfilling the commitment to supply natural gas at the 2004 price for its Kawas and Gandhar power …

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