Disclosure of papers on RIL fine: SC declines Centre's plea for stay

Under NELP, contractors are first allowed to recover all their sunk cost before sharing profits with the government

In a setback to the Oil Ministry, the Supreme Court has dismissed its petition against an order seeking disclosure of documents that formed the basis for levy of $3 billion penalty on Reliance Industries over KG-D6 natural gas output not matching targets.

A three-member international arbitration panel, hearing Reliance and its partner’s challenge to the government levying penalty because of unutilised capacity due to production not matching targets, had asked the ministry to share an array of documents that formed the basis for its actions.

The oil ministry first challenged the disclosure before the Delhi High Court, which on December 18, 2018,