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flag India's top court allows government to pursue $3.86B recovery from Reliance and BG over gas fields, setting case for Feb. 17, 2026 hearing.

flag The Delhi High Court has allowed the Indian government’s appeal to recover $3.86 billion from Reliance Industries and BG Exploration over the Panna-Mukta and Tapti gas fields, rejecting claims that the appeal was not maintainable. flag The case stems from a 2016 arbitral award on profit-sharing and cost recovery, with the government seeking enforcement of the decision. flag A single judge had previously dismissed the enforcement petition in 2023, calling it premature, but the division bench ruled the appeal valid and will hear the case on its merits on February 17, 2026.

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