{"id":289951,"date":"2019-09-02T05:54:00","date_gmt":"2019-09-02T05:54:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289951"},"modified":"2019-09-02T05:54:00","modified_gmt":"2019-09-02T05:54:00","slug":"nclat-dismisses-govt-claims-of-usd-314-mn-from-videocon-industries-for-ravva-offshore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-dismisses-govt-claims-of-usd-314-mn-from-videocon-industries-for-ravva-offshore\/","title":{"rendered":"NCLAT dismisses govt claims of USD 314 mn from Videocon Industries for Ravva offshore"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has rejected the oil ministry&#8217;s plea seeking USD 314 million (around Rs 2,245 crore) from insolvency-bound Videocon IndustriesNSE 0.00 % in unpaid profit petroleum from the Ravva oil and gas fields in the eastern offshore. <\/p>\n<p>The ministry had on October 22 last year sent Videocon a demand notice for payment of government&#8217;s share of profit petroleum, which is calculated after all capital and operating cost is deducted from the sale of oil and gas. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has rejected the oil ministry&#8217;s plea seeking USD 314 million (around Rs 2,245 crore) from insolvency-bound Videocon IndustriesNSE 0.00 % in unpaid profit petroleum from the Ravva oil and gas fields in the eastern offshore. The ministry had on October 22 last year sent Videocon a demand notice for payment of government&#8217;s share of profit petroleum, which is calculated after all capital and operating cost is deducted from the sale of oil and gas.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-289951","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289951"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289951\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}