NEW DELHI, May 9 (Reuters) - Delhi High Court has upheld
the ruling of an arbitration panel favouring Reliance Industries
and its foreign partners in a dispute over gas migration from
fields operated by state-owned Oil and Natural Gas Corp Ltd , a court order shows.
The oil ministry had approached the Delhi High Court after
an international arbitration panel rejected its $1.55 billion
fine on Reliance and its partners for selling gas that migrated
from ONGC's fields in the east coast Krishna-Godavari basin to
their block in the same area.
"...the view taken by the arbitral tribunal is most
certainly a "possible view", which calls for no interference,"
the court order said.
(Reporting by Nidhi Verma and Arpan Chaturvedi)
Messaging: nidhi.verma.thomsonreuters.com@reuters.net))
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