 "Delhi HC upholds tribunal ruling favouring Reliance in gas sale case")
NEW DELHI (Reuters) - Delhi High Court has upheld the ruling of an arbitration panel favouring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd, a court order shows.
The oil ministry had approached the Delhi High Court after an international arbitration panel rejected its $1.55 billion fine on Reliance and its partners for selling gas that migrated from ONGC's fields in the east coast Krishna-Godavari basin to their block in the same area.
"...the view taken by the arbitral tribunal is most certainly a "possible view", which calls for no interference," the court order said.
(Reporting by Nidhi Verma and Arpan Chaturvedi)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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