comparemela.com

Latest Breaking News On - Generalr venkentaramani - Page 1 : comparemela.com

Reliance news: HC seeks response from Reliance on govt appeal accusing co of committing fraud, unjust enrichment of over $1 729 billion

The Delhi High Court has asked for a response from Reliance Industries and others regarding the government s appeal accusing the conglomerate of committing fraud and unjust enrichment of over $1.729 billion by siphoning gas from deposits they were not authorized to exploit. The government argues that Reliance knew about the connectivity of its block with that of ONGC s block and deliberately extracted and sold gas without permission.

Gas migration case: What exactly is the dispute between Reliance and ONGC?

The Delhi High Court has requested a response from Reliance Industries (RIL) and its partners in relation to the Indian government s appeal, accusing the conglomerate of committing fraud and unjust enrichment of over $1.729bn by extracting gas from deposits it did not have the rights to exploit. The dispute began in 2014 when state-run ONGC claimed that RIL had drilled wells close to the common boundary of their blocks and pumped out gas from ONGC s adjoining block.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.