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 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 Parekh. The Court also rejected the plea that the arbitration must take place in this country instead of London, hence allowing Leaver to continue as an arbitrator in London, who was appointed the arbitrator after itsMay 28, 2014 order.

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History of this topic

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 …

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 …

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 …

Courts Cannot Recast The Terms Of Arbitration Agreement, Reiterates Delhi HC [Read Judgment]
5 years, 8 months ago

Courts Cannot Recast The Terms Of Arbitration Agreement, Reiterates Delhi HC [Read Judgment]

Live Law  

The Delhi High Court has reiterated that court cannot recast the terms of an arbitration agreement entered into between parties and should rather make efforts to ensure that the parties adhere to the choice of the Arbitrator or to the mechanism for constituting the Arbitral Tribunal as envisaged by the Arbitration Agreement. Justice Sanjeev Narula observed, "The Court while exercising …

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 …

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 …

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