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flag Delhi High Court overturns $1.7B award favoring Reliance Industries in gas rights dispute with India.

flag 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. flag 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. flag This decision could lead to the government enforcing its claim against RIL and its foreign partners.

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