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C. HARI SHANKAR
Union of India – Appellant
Versus
Reliance Industries Ltd. – Respondent
| Table of Content |
|---|
| 1. petition initiated for enforcement of 2016 fpa (Para 1 , 2) |
| 2. court's position on execution maintainability (Para 4 , 5) |
| 3. details regarding petroleum contracts and frameworks (Para 6 , 7 , 8 , 9 , 10 , 11 , 12) |
| 4. recognition of contractual obligations in arbitration (Para 13 , 14 , 15 , 16 , 21 , 24 , 27) |
| 5. fpa issues and their relevance to execution (Para 19 , 20 , 26 , 28) |
| 6. petitioner asserts rights to profit petroleum (Para 36 , 37) |
| 7. final judgment concluding executability of 2016 fpa (Para 74 , 75 , 76 , 77) |
JUDGMENT
| ACRONYMS USED IN THIS JUDGEMENT, | |
| AT | Arbitral Tribunal |
| CI | Cumulative Investment |
| CNCI | Cumulative Net Cash Income |
| CP | Cost Petroleum |
| CRL | Cost Recovery Limit |
| DC | Development Cost |
| EC | Exploration Cost |
| EPOD | Expanded Plan Of Development |
| FPA | Final Partial Award |
| IM | Investment Multiple |
| IPOD | Initial Plan Of Development |
| MC | Management Committee |
| NIA | Notice Invoking Arbitration |
| NIT | Notional Income Tax |
| PC | Production Cost |
| PO | Procedural Order |
| PSC | Production Sharing Contract |
| PP | Profit Petroleum |
| RIL | Reliance Industries Ltd. |
| SOC | Statement of Claim |
1. This judgment adjudicates EA (OS) 583/2019, EA (OS) 1012/2020, EA (OS) 1411/2021, IA 3665/2019 and IA 3668/2019, in the present Execution Petition OMP (EFA) (C
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