RIL moves Supreme Court against Delhi HC ruling in $1.73 billion gas dispute with ONGC

Reliance Industries has approached the Supreme Court, challenging a Delhi High Court order that overturned an international arbitration ruling in its favor. The dispute involves $1.729 billion related to gas migration from ONGC’s adjoining fields into RIL’s Krishna Godavari-D6 block. The government alleged RIL unjustly enriched itself by siphoning gas, a claim initially rejected by the arbitral tribunal.

Reliance Industries has approached the Supreme Court, challenging a Delhi High Court order that overturned an international arbitration ruling in its favor. The dispute involves $1.729 billion related to gas migration from ONGC’s adjoining fields into RIL’s Krishna Godavari-D6 block. The government alleged RIL unjustly enriched itself by siphoning gas, a claim initially rejected by…