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Earlier, the government lost its appeal in the High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell.

Get latest articles and stories on Business at LatestLY. The Ministry of Petroleum & Natural Gas on Monday said the Government of India is considering to appeal against the English court order and pursue the execution of $3.85 billion award in a dispute between Reliance Industries Limited and Enron, now BGEPIL (BG Exploration and Production India Limited). Business News | RIL-BGEPIL Dispute: Indian Govt Mulls Appeal Against English Court Order.

Get latest articles and stories on Latest News at LatestLY. The government on Monday said it will pursue recovery of USD 3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields. Latest News | Govt to Pursue USD 3.85 Bn Recovery from Reliance, Partners.

The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.

New Delhi, June 12: The Government has lost its appeal in the English High Court against a USD 111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. High Court judge Ross Cranston on June 9, 2022 ruled that the government should have brought its objections over the arbitration tribunal not meeting the required thresholds, when issuing the 2021 award earlier, two […]