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PMT FIELDS CASE
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...- GST enables registration of one person companyThe Goods and Services Tax Network (GSTN) has enabled the registration of One Person Company under the Goods and Services Tax (GST) regime ...
- 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
- Centre seeks to restrain Reliance Industries stake sale to Saudi AramcoCentre has sought the court’s direction to RIL and BG to secure $4.5 billion towards an arbitration award.
- 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.
- 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...
- PMT Gas fields case: SC junks Centre's plea against arbitratorThe apex court in its order had set aside a Delhi High Court verdict by which it had agreed to hear the government's plea against the arbit...
- PMT Gas fields case; Centre moves Supreme Court against arbitratorThe apex court on May 28 last year had allowed the plea of RIL arbitration in London over its dispute with the Centre on the Panna, Mukta a...
- Reliance Industries counters government assertion on idle power plantsSources close to the company said none of the 31 idle power plants that were stated as being dependent on gas supplies from RIL.
- 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...
- 'Advocate' P Chidambaram appears in tax case before Gujarat High CourtP Chidambaram today appeared before the Gujarat High Court in his capacity as a lawyer in a sales tax case for BG (British Gas) Exploration...
- 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...
- Simplify financial life: Calculate your home loan installments using MS ExcelIn the second part of a series on calculations to simplify your financial life, find out how to operate the MS Excel to calculate your EMIs.
- 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.
- PNGRB to fix marketing margin on gas by interacting with entities: Oil MinistryAfter initial hiccups in getting data from companies, the oil regulator PNGRB has now decided to fix marketing margin on sale of natural ga...
- 35% decline in gas output from Tapti field in past 3 yearsNatural gas production from the BG Group-operated Tapti field off the Mumbai coast has fallen by over 35% in past 3 years
- Oil cos get govt notice for delay in paying royaltyThe government is taking a tough stand against oil majors ONGC, RIL, Cairn and the BG group (British Gas) for delaying payment of royalties.
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