Reliance and Shell lose a $111 million gas field appeal brought by the Centre

In a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields, the government lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell.

According to two persons familiar with the situation, High Court judge Ross Cranston ruled on June 9, 2022, that the government should have raised its objections to the arbitration panel not passing....