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RIL rejects Shah panel role in ONGC dispute
Highlights
Reliance Industries has disputed the one-man AP Shah Committee constituted by government to decide on the firm\'s KG gas dispute with ONGC, saying the panel has no legal basis and only arbitration can decide on such disputes, as per the contract.
New Delhi : Reliance Industries has disputed the one-man AP Shah Committee constituted by government to decide on the firm's KG gas dispute with ONGC, saying the panel has no legal basis and only arbitration can decide on such disputes, as per the contract.
In a letter to Justice (retd) Shah, RIL said the committee cannot quantify the compensation to be paid to ONGC for alleged gas flow of the state-owned firm's KG blocks to neighbouring fields of RIL and decided not to cooperate.
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