SC rejects govt plea to halt arbitration in KG-D6 cost case
In a major setback to the government, the Supreme Court on Monday dismissed its appeal to halt ongoing arbitration proceedings initiated by Reliance Industries (RIL), BP Exploration and Niko Resources against the petroleum ministry for “having lost faith” in two arbitrators.
A bench led by Chief Justice of India DY Chandrachud rejected the Centre’s allegation of “bias” against arbitrators Michael D Kirby and Bernard Rix looking into a $400-million cost recovery dispute involving natural gas exploration in the KG-D6 block. Former Chief Justice of India
