RELIANCE INDUSTRIES LTD. vs U.O.I

The Supreme Court upheld the Delhi High Court's decision under Section 34 of the Arbitration and Conciliation Act, 1996, affirming the arbitrability of claims related to Royalties, Cess, Service Tax, and CAG Audit in the context of Production Sharing Contracts. The Court emphasized that the rejection of the Union of India's objections to these claims was justified, reinforcing the principle that disputes arising from contractual agreements in the oil and gas sector are subject to arbitration. The appeal was dismissed, maintaining the validity of the Final Partial Award dated 12th September 2012.