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ROYALTY REIMBURSEMENT 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...- Reliance Industries fights back govt's $5 billion recovery claimSalve further argued that it is only after all these issues, including RIL's and BG's contractual Cost Recovery Limit (CRL) increase claim,...
- 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 ...
- High Court dismisses govt plea to enforce arbitral award against RILThe high court rejected the petition holding it to be "premature and not maintainable". The 2016 FPA is "not an executable arbitral award" ...
- NITI Aayog: CMs of non-BJP ruled states ask Centre not to force its decisions, seek extension of GST compensation periodSpeaking in the same vein, Kerala Chief Minister Pinarayi Vijayan said the Centre should not go against the federal structure of the Consti...
- EY tax ruling may be a ray of hope for Chinese companiesThe department taxed Ernst & Young Global under three heads: software charges, global technology charges and global wide area network (GWAN...
- Distributor should pay tax on software procured from company outside India: Bengaluru ITATAs per the details of the case an Indian arm of a Jersey based company was responsible for software distribution in India, conducting event...
- Select mid-size MNCs get I-T noticesUnder lens for escaping assessment over 7 years and cos fear bigger tax demands & litigation in coming months.
- 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...
- 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.
- ONGC to move court on Rajasthan block royaltyONGC has a 30% stake in the Rajasthan block but is contractually bound to pay Cairn's share of royalty.
- Tough choice for Vedanta as GoM adds riders to Cairn India dealVedanta will have to decide if it should continue to pay Rs 405 per share or USD 6.65 billion for buying 40 per cent stake in Cairn India.
- Cairn-Vedanta deal: Government should give a quick go aheadThe government's waffling over the $9.6 billion deal between Vedanta and Cairn Energy points to one thing: policy paralysis.
- ONGC won't pay royalty to Cairn unless it’s cost recoverable: VasudevaA clause in the production sharing contract makes it clear that royalty costs can be recovered from the field’s revenue, says ONGC offshore...
- Decision on Cairn-Vedanta deal in 3 weeksThe government will take at least another 2-3 weeks to take a decision on the $9.6-billion Cairn-Vedanta deal.
- ONGC wants Cairn to share royalty; Vedanta deal may derailSix months after the $9.6-bn Cairn-Vedanta deal was announced, ONGC has revealed a new clause in the contract, which it says establishes th...
- ONGC pays Rs 1,183 cr royalty on Rajasthan crude this FYOil and Natural Gas Corp (ONGC) has paid about Rs 1,183 crore in royalty on behalf of its partner Cairn India in the prolific Rajasthan blo...
- Cairn-Vedanta deal heads towards courtA possible legal tussle in the Cairn-Vedanta deal may derail the $9.6-billion acquisition, unless the govt, the British explorer and ONGC n...
- Riled ONGC wants Cairn-Vedanta deal tweakedONGC and the oil ministry have argued that the deal cannot be consummated without government approval-a point that Cairn grudgingly accepte...
- Gammon, L&T take NHAI row to plan panelTop construction companies such as Gammon India, Larsen & Toubro (L&T) and Hindustan Construction (HCC) have sought Planning Commission ass...
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