UNION OF INDIA vs RELIANCE INDUSTRIES LIMITED & ORS.

* IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: January 27, 2025 % Pronounced on: February 14, 2025 + FAO(OS) (COMM) 201/2023 UNION OF INDIA .....Appellant Through: Mr. R. Venkatramani, AGI, Mr. K.K. Venugopal & Mr. Gopal Jain, Senior Advocates with Mr. Amit Dhingra, Mr. Rohit Mahajan, Mr. Siddharth Agrawal, Ms. Kesang Tenzin Doma, Ms. Sayanti Chatterjee, Mr. Abhishek Kr. Pandey & Mr. Raman Yadav, Advocates. versus RELIANCE INDUSTRIES LIMITED & ORS. .....Respondents Through: Mr. Harish N. Salve, Senior Advocate with Mr. Sameer Parekh, Mr. Ishan Nagar, Mr. Abhishek Thakral, Ms. Sonali Basu Parekh, Ms. Ruchi Chauhan, Ms. Aditi and Ms. Chetna Kai, Advocates for R1. Ms. Niyati Kohli, Mr. Nilay Gupta and Ms. Tarini Khurana Advocates for R2. Mr. K. R. Sasiprabhu, Mr. Parth Rishik, Mr. Vishnu Sharma A.S. and Mr. Mohammed Ilyas, Advocates for R3. CORAM: HON'BLE MS. JUSTICE REKHA PALLI HON'BLE MR. JUSTICE SAURABH BANERJEE FAO(OS) (COMM) 201/2023 1. The Union of India (through the Ministry of Petroleum & Natural Gas of the Government of India)1, by virtue of the present appeal under Section 37 of the Arbitration and Conciliation Act, 1996 2 read with Section 13(1) of the Commercial Co