{"id":139879,"date":"2024-09-22T21:57:08","date_gmt":"2024-09-22T21:57:08","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/22\/delhi-high-court-stays-enforcement-of-rs-300-cr-arbitral-award-against-eni-group\/"},"modified":"2024-09-22T21:57:08","modified_gmt":"2024-09-22T21:57:08","slug":"delhi-high-court-stays-enforcement-of-rs-300-cr-arbitral-award-against-eni-group","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/22\/delhi-high-court-stays-enforcement-of-rs-300-cr-arbitral-award-against-eni-group\/","title":{"rendered":"Delhi High Court stays enforcement of Rs 300 cr arbitral award against ENI Group"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"450\" src=\"https:\/\/i0.wp.com\/img.etimg.com\/photo\/msid-113571107,imgsize-20482.cms?fit=600,450&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Delhi High Court stays enforcement of Rs 300 cr arbitral award against ENI Group\" title=\"Delhi High Court stays enforcement of Rs 300 cr arbitral award against ENI Group\" \/><\/div>\n<div data-brcount=\"7\">The Delhi High Court has stayed further enforcement of a Rs 300-crore <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/arbitral-award\" target=\"_blank\" rel=\"noopener\">arbitral award<\/a> that a consortium led by <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/oil-and-natural-gas-corporation-ltd\/stocks\/companyid-11599.cms\" rel=\"noopener\">ONGC<\/a> won against the Italian energy multinational <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/eni-group\" target=\"_blank\" rel=\"noopener\">ENI Group<\/a> in 2021.<\/p>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:2-->Justice Prateek Jalan passed the stay order after the ENI group deposited over Rs 296 crore in the HC, which also gave liberty to the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/oil-and-natural-gas-corporation-ltd\/stocks\/companyid-11599.cms\" rel=\"noopener\">ONGC<\/a> to initiate appropriate proceedings with regard to the money lying in the international bank account of the group. However, the HC allowed the Italian energy group to file its objections to the execution petition moved by the ONGC.<\/p>\n<p>According to ONGC, the foreign energy company is liable to pay USD 31,577,805 in terms of the award. <\/p>\n<p>The three-judge <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/arbitral-tribunal\" target=\"_blank\" rel=\"noopener\">arbitral tribunal<\/a> had unanimously in July 2021 asked the ENI group &#8211; ENI India, ENI SPA, ENI Lasmo PLC and ENI International BV \u2013 to pay ONGC and others awarded USD 20,027,974, along with interest the rate of 7% from August 2013 until the date of realization.<br \/><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:2--><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/delhi-high-court-stays-enforcement-of-rs-300-cr-arbitral-award-against-eni-group\/articleshow\/113571107.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court has stayed further enforcement of a Rs 300-crore arbitral award that a consortium led by ONGC won against the Italian energy multinational ENI Group in 2021. Justice Prateek Jalan passed the stay order after the ENI group deposited over Rs 296 crore in the HC, which also gave liberty to the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":139880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-113571107,imgsize-20482.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[28592,111722,111724,10419,1625,2921,111723,9906,111725,111720,111721,659,437,30394,16424],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/139879"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=139879"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/139879\/revisions"}],"predecessor-version":[{"id":139881,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/139879\/revisions\/139881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/139880"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=139879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=139879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=139879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}