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.
Yesterday, 4th April,The Delhi HC supported Reliance Industries’ involvement in the BPCL-HPCL pipeline case, dismissing BPCL’s appeal. The dispute revolves around the pipeline being designated as a common carrier, contested by PSU oil companies. Reliance’s participation, based on its initiation of the process, approved despite objections from the oil companies.
