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PMT DISPUTE
Delhi HC clears govt’s appeal against Reliance Industries in $3.86 billion PMT gas fields arbitration rowThe Delhi High Court has dismissed Reliance Industries' objections regarding the maintainability of the government's appeal. This appeal se...- PMT gas fields: Government moves high court against RIL, Shell firm over $5 billion royalties, taxesA division bench led by Justice Suresh Kait sought a response from RIL and BG Exploration on the government's appeal alleging that the two ...
- India to appeal arbitration award in favour of Reliance Industries and ShellOn 9 June, the government lost its appeal in The English Commercial Court against a Rs 867 crore ($111 million) arbitration award in favour...
- Government challenges PMT fields verdict in UK high courtRIL and Shell owned 30% participating interest each in the PMT fields while ONGC owned the balance 40% until 2019 when the production contr...
- PMT Fields Case: UK court says Indian govt can’t contest its orderA UK court has denied the Indian government permission to appeal in the so-called ‘agreement case’ in the decade-old PMT dispute over shari...
- RIL, Shell liability to government may drop in PMT caseThe order is one step — but not the final one — toward the conclusion of a decade-old dispute between the government and join
- No immediate liability in PMT profit dispute: Reliance IndustriesRIL said the plea is an abuse of process as no arbitration award has fixed any final liability of dues on the co.
- Government’s $3 billion demand premature: Reliance Industries Ltd, Shell IndiaRIL said the matter had not reached the “quantification stage” in the arbitration tribunal, which had given its "Final Partial Award" last ...
- Government asks RIL, Shell, ONGC to pay $3 bnThe notice does not contain any date for making the payment or the consequences that would follow if the payment is not made.
- Reliance Industries' shares fall on arbitration penaltyAccording to reports, RIL and Shell have appealed the arbitration award in a UK court.
- Markets trade lower; LIC loses 7,000 cr in 30 minsDecline in ITC shares also led to severe loss to its largest share-holder, LIC - that held 16.29%.
- RIL, Shell, ONGC asked to pay $3 billion in penaltyThe government asked the companies to pay a fine proportionate to their stake in the Panna Mukta Tapti oil field. RIL and Shell have challe...
- Government wins $1 billion price dispute with Reliance Industries Ltd, British Gas, ONGCWhile the govt and the companies have not revealed the financial implications of the award, the disputed amount is widely expected to be in...
- Will follow court order in RIL arbitration case: Oil Minister"Whatever the Court has ordered we will do," Oil Secretary Kapil Dev Tripathi told reporters here. "I mean, we will do whatever is necessar...
- Oil Ministry says $5.6 billion production loss at PMT fieldsThe government's share was $ 1.3 billion. Besides, the government also earned $ 590 million as royalty and $ 472 million as cess from these...
- Supreme Court rules in favour of Reliance on Panna Mukta arbitrationPanna-Mukta produces a fraction of gas from KG basin, but the ruling helps Reliance, which is locked in several arbitration rows with the g...
- Oil ministry seeks settlement of PMT royalty issue in IndiaThe oil ministry is resisting arbitration proceedings by oil major BG and Reliance Industries over reimbursement of royalties.
- Gas output from Panna-Mukta, Tapti fields down by 30%Gas output from the Panna-Mukta and Tapti (PMT) fields owned jointly by the BG Group, Reliance and ONGC has declined by around 30%.
- Reliance, BG drag govt to arbitration on PMT disputeRIL and BG Group of UK have dragged oil ministry to arbitration on disputes over Panna/Mukta and Tapti oil and gas fields but the ministry ...
- GAIL to pay Rs 738 cr to settle RIL disputeAfter four years of arbitration, state-run utility GAIL is going in for an amicable settlement of a Rs 738-crore gas price dispute with UK ...
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