Comments
The Supreme Court today reserved its order on the issue of appointing national or international arbitrator for adjudication of dispute between Reliance Industries Ltd and the government over recovery of cost for developing the country’s key natural gas field in KG basin.
Justice S S Nijjar asked Mukesh Ambani-led RIL and the Centre to propose names of persons —— both Indian and foreign nationals —— who could be considered by him for the appointment. He asked the parties to give the names by January 13.
The judge will decide on the issue whether an Indian or a foreign national is to be appointed as presiding arbitrator and then will consider the names proposed by the rival parties.
RIL had moved the apex court for appointment of an arbitrator from a foreign country with which parties in disputes are not connected after the Centre had declined the proposal.
RIL has nominated former CJI S P Bharucha as its arbitrator while the Centre chose ex—CJI V N Khare as its nominee.
Reliance had commenced arbitration against the government on November 23, 2011.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.