Delhi HC upholds tribunal ruling favouring Reliance in gas sale case
Delhi High Court has upheld the ruling of an arbitration panel favouring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd, a court order shows.
The oil ministry had approached the Delhi High Court after an international arbitration panel rejected its $1.55 billion fine on Reliance and its partners for selling gas that migrated from ONGC’s fields in the east coast Krishna-Godavari basin to their block in the same area.
