Arbitration Award

Delhi High Court overturns arbitration award favouring Reliance in $1.7 bn gas migration dispute | Company Business News

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In a setback for Mukesh Ambani-led Reliance Industries Ltd (RIL), the Delhi High Court’s (HC) division bench on Friday overturned an international arbitration tribunal’s ruling that had previously favoured the company in its $1.7 billion dispute with Oil and Natural Gas Corp. Ltd (ONGC) over alleged gas migration from adjoining fields. The bench, comprising justices … Read more

BHEL is vacating all sites to recover arbitration award worth Rs 1,500 crore

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BHEL is vacating all sites to recover arbitration award worth Rs 1,500 crore

2025-01-25 05:30:00 : According to two people close to the matter, BHEL is accelerating its efforts to ensure that these awards in favor of the company are collected as soon as possible. Most arbitration awards accumulated between 2018 and 2022 have been delayed due to appeals and legal challenges. Some awards have been delayed due … Read more