Days after the Supreme Court dismissed its plea seeking removal of a foreign arbitrator appointed by Reliance Industries, the Petroleum Ministry on Thursday said it will follow the court order in the dispute over Panna-Mukta and Tapti oil and gas fields.
“Whatever the Court has ordered we will do,” Oil Secretary Kapil Dev Tripathi told reporters here. “I mean, we will do whatever is necessary.”
While dismissing the ministry’s plea, the apex court had on Tuesday termed it as “an abuse of the process of the Court” as the issue had been settled twice before.
It stated that it has already been determined both that the judicial seat of the arbitration is at london and that the arbitration agreement is governed by English law.