RELIANCE CELLULOSE PRODUCTS LTD. vs OIL AND NATURAL GAS CORPORATION LTD. — C.A. No. 1110/2010
Case under Section III-B. Status: DISPOSED.
CNR: SCIN010342062006
Filing Date
23-Dec-2006
Registration No
C.A. No. 1110/2010
Diary Number
34206/2006
Order Date
20-Jul-2018
Document Type
Judgement - of Main Case
Neutral Citation
2018 INSC 623
Disposal Type
Allowed
Data as of 03-Jul-2026
Acts & Sections
Petitioner(s)
RELIANCE CELLULOSE PRODUCTS LTD.
Adv. KHAITAN & CO.
Respondent(s)
OIL AND NATURAL GAS CORPORATION LTD.
Adv. VIPIN NAIR[R-1]
Hearing History
Judge: HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN and HON'BLE MS. JUSTICE INDU MALHOTRA
Fixed Date by Court
Fixed Date by Court
Ordinary
Ordinary
Ordinary
| Date | Purpose |
|---|---|
| 20-Jul-2018 | Fixed Date by Court |
| 17-Jul-2018 | Fixed Date by Court |
| 12-Jul-2018 | Ordinary |
| 11-Jul-2018 | Ordinary |
| 10-Jul-2018 | Ordinary |
Orders
Case Summary: Reliance Cellulose Products Ltd. v. Oil and Natural Gas Corporation Ltd. Court Decision: The Supreme Court allowed Reliance's appeal and dismissed ONGC's appeal, upholding the arbitrator's award of 18% pre-reference and pendente lite interest on the price differential between Rs. 14,999/MT and the arbitrated prices of Rs. 18,500/MT and Rs. 20,500/MT respectively. The Court found that ONGC's Clause 16 (barring interest for payment delays) did not prohibit interest awards by arbitrators under the 1940 Arbitration Act, and reduced the lower courts' interest reduction from 18% to 10% back to 18%. This case analysis is maintained by casestatus.in based on publicly available court records.
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