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Reliance Industries seeks immediate start of D6 cost recovery arbitration

Dec 26, 2014    

New Delhi: With its KG-D6 cost recovery arbitration stuck for three years, Reliance Industries has sought immediate start of the proceedings for early resolution of the dispute.Naming former UK judge Sir Bernard Rix as its arbitrator in place of former Chief Justice of India SP Bharucha, who quit earlier this month, RIL through its legal counsel has written to the Oil Ministry seeking start of the proceedings from next month, sources privy to the development said.Bharucha was earlier RIL nominee on a three-member arbitration panel, which is to decide if the oil ministry was right in disallowin...

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