US$ 1.7 billion gas dispute: Delhi High Court upholds arbitral award in favour of Reliance Industries; rejects Central government challenge

The Central government had demanded US$ 1.7 billion from a consortium of Reliance, British Petroleum and and Niko for 'siphoning off' gas from ONGC's block.
Reliance industries, Mukesh Ambani
Reliance industries, Mukesh Ambani

The Delhi High Court on Tuesday upheld an arbitration award rejecting Central government’s claims against Mukesh Ambani owned Reliance Industries Limited in a migrated gas dispute in the Krishna Godavari (KG) basin.

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