RIL moves SC against Delhi HC order in $1.7 billion gas dispute with govt
[ad_1] NEW DELHI: Reliance Industries Ltd (RIL) and its foreign partners have moved the Supreme Court against the Delhi High Court's February ruling quashing an arbitral award in their favour in the dispute with the Centre’s $1.7 billion claim over alleged siphoning of gas from a Krishan=Godavari field off the Andhra coast.RIL filed the lead petition on May 14, while its partners BP Exploration (Alpha), a subsidiary of UK’s BP Plc, and Canadian firm Niko Ltd filed similar petitions separately.The high court had on February 14 ruled against RIL and its partners and upheld the government’s claim on the ground of making “unjust enrichment” by extracting gas that migrated from state-run ONGC's block adjacent to the consortium’s KG-D6 field.The case dates back to 2013 when ONGC claimed its IG and KG-DWN-98/2 blocks adjacent to RIL's KG-D6 field shared a common […]