Mukesh Ambani’s Reliance challenges court’s decision in favour of Modi govt, approaches SC for…
GH News May 21, 2025 04:06 PM
Reliance Industries has approached the SC against Delhi High court’s ruling which was in favour of the Indian government. There were allegations against Mukesh Ambani’s company of illegally extracting natural gas from the Krishna-Godavari (KG) Basin wells.  The main questions was whether gas from ONGCs fields moved to RILs KG-D6 block and if ONGCs gas reserves depleted due to RILs operations or not. The Delhi HC earlier gave a decision against Reliance and supported the governments claims. The dispute started in 2013 when ONGC (Oil and Natural Gas Corporation) accused Reliance of unfairly working in gas reserves from its blocks. The Ministry of Petroleum and Natural Gas alleged that Reliance extracted gas from ONGC’s wells. The government demanded compensation of $1.6 billion and $175 million as additional ‘profit petroleum’ owned by Reliance. In February 2023 the Delhi HC overturned the arbitration decision and favored the government. The High Court stated that Reliance got unfair advantage by extracting gas from ONGC’s blocks. A bench of Justice Rekha Palli and Justice Saurabh Banerjee voided both the tribunals decision and order a prior to 2021. On May 14 2024 Reliance filed a petition in the Supreme Court challenging the High Courts decision. Foreign partners in the KG-D6 consortium like BP Exploration (Alpha) and Canada’s Niko Resources Ltd also submitted separate appeals.
© Copyright @2025 LIDEA. All Rights Reserved.