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Delhi High Court overturns $1.7B award favoring Reliance Industries in gas rights dispute with India.
The Delhi High Court has overturned a $1.7 billion arbitration award in favor of Reliance Industries Ltd (RIL) in a dispute with the Indian government over gas extraction rights.
The court sided with the government's claim that RIL and its partners unjustly benefited from extracting gas from areas owned by state-run ONGC.
This decision could lead to the government enforcing its claim against RIL and its foreign partners.
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El Tribunal Superior de Delhi revocó el premio $1.7B a favor de Reliance Industries en disputa de derechos de gas con la India.