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Defence Ministry Serious warns to Reliance industries

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SC allows Reliance Industries's plea seeking arbitration in London

May 28, 2014    

New Delhi The Supreme Court on Wednesday allowed the plea of Reliance Industries Ltd seeking arbitration in London over its dispute with the Centre on the Panna, Mukta and Tapti oil and gas fields.A bench of justices S S Nijjar and A K Sikri set aside the Delhi High Court order by which it had agreed to hear the government's plea against the arbitration proceedings in London.It said that the high court committed a "jurisdictional error" in agreeing to hear the government's plea.The court said that in the production-sharing contract, RIL and the Ministry of Petroleum and Natural Gas h...

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