High Court Seeks Centre’s Reply On Reliance Industries’ Plea To Recall Order On Disclosing Assets
A vehicle exits a Reliance Industries Ltd. gas station in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

High Court Seeks Centre’s Reply On Reliance Industries’ Plea To Recall Order On Disclosing Assets

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The Delhi High Court Friday sought the Centre's reply on a plea by Reliance Industries Ltd. seeking recall of orders asking it to file an affidavit on its assets.

Justice JR Midha issued notice to the central government on RIL's application and listed the matter for hearing on Feb. 6.

The application was filed in a pending petition of the government for execution of an arbitral award in its favour.

RIL has sought recall of two previous orders of Nov. 22 and Dec. 20, 2019.

Earlier, the court had passed the two orders on an application by central government in which it has sought directions to RIL and British Gas not to dispose of their assets.

In the application, the government has sought to restrain the two companies from disposing of their assets as they have allegedly failed to pay it over $3.85 billion as per an arbitral award in favour of the Centre in relation to the Panna-Mukta and Tapti production-sharing contracts.

The high court on Dec. 20, 2019, had directed the two companies to file an affidavit of their assets in accordance with the new format of form 16A under the Civil Procedure Code that the high court has drafted in a recent judgement.

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