{"id":306844,"date":"2019-12-23T10:24:39","date_gmt":"2019-12-23T04:54:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306844"},"modified":"2019-12-23T10:36:22","modified_gmt":"2019-12-23T05:06:22","slug":"ril-mounts-counter-to-govt-petition-seeking-to-block-its-15-bn-aramco-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-mounts-counter-to-govt-petition-seeking-to-block-its-15-bn-aramco-deal\/","title":{"rendered":"RIL mounts counter to govt petition seeking to block its $15 bn Aramco deal"},"content":{"rendered":"<p>Reliance Industries (RIL) has mounted a strong counter to the government petition in the Delhi High Court (HC) seeking to block its $15-billion deal with Saudi Aramco, saying the petition is an abuse of process as no arbitration award has fixed any final liability of dues on the company. <\/p>\n<p>In a counter affidavit, RIL said it was a \u2018falsehood\u2019 that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government. It said the petition was an abuse of process as \u201cit portrays that a sum of money is due and payable under the final award and purports to compute the money payable on a basis neither found in the arbitration award nor disclosed in the petition.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) has mounted a strong counter to the government petition in the Delhi High Court (HC) seeking to block its $15-billion deal with Saudi Aramco, saying the petition is an abuse of process as no arbitration award has fixed any final liability of dues on the company. In a counter affidavit, RIL said it was a \u2018falsehood\u2019 that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government. It said the petition was an abuse of process as \u201cit portrays that a sum of money is due and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-306844","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306844","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306844"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306844\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}