The Delhi High Court on Friday refused to halt the ongoing arbitration proceedings initiated by Reliance Industries (RIL) and others against the government over the cost recoveries dispute in the KG-D6 block.
It upheld RIL’s preliminary objections and rejected the petroleum ministry’s allegations that serious distrust and justifiable doubts existed with respect to the independence and impartiality of the two members of the Arbitral Tribunal. It said the government’s petition was not maintainable but allowed it to raise the issue before the tribunal.
