The Delhi High Court Today (Feb 14) canceled an arbitration ruling that had earlier favored Mukesh Ambani’s Reliance Industries Limited (RIL) in the Krishna-Godavari (KG) basin gas migration dispute. This decision revives the Indian government’s $1.5 billion claim against RIL, alleging unfair extraction of gas from ONGC’s fields. The court ruled that the previous award was against settled legal principles, marking a major legal blow for RIL.
