KG basin dispute:SC appoints ex-Australian judge as arbitrator

Image
Press Trust of India New Delhi
Last Updated : Apr 29 2014 | 6:42 PM IST
The Supreme Court today appointed Michael Hudson McHugh, former judge of the High Court of Australia, as the third arbitrator to resolve the dispute between the Centre and Mukesh Ambani-led Reliance Industries Ltd (RIL) on KG basin.
Hudson McHugh, ex-judge of Australia's highest court was named as the Chairman of the Arbitral Tribunal as the apex court had on April 2 withdrawn the appointment of James Spigelman, ex-Chief Justice and LG of New South Wales, Australia.
Spigelman's appointment was withdrawn after the Centre drew the attention of Justice S S Nijjar that his name was mentioned in the list of names proposed by the Reliance group for appointment as an independent arbitrator.
Justice Nijjar had on March 31 passed an order on the issue of appointment of independent arbitrator as the Chairman of the Arbitral Tribunal whose two other members are former Chief Justices of India -- S P Bharucha and V N Khare.
While Mukesh Ambani-led RIL has nominated former Justice Bharucha as its arbitrator, the Centre chose Justice Khare as its nominee.
The Supreme Court decided to appoint an international arbitrator as the Chairman for adjudication of dispute between Reliance Industries Ltd and the government over recovery of cost for developing the country's key natural gas field in KG basin.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 29 2014 | 6:42 PM IST

Next Story