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Reliance Naval indicts ONGC
Aug. 8, 2018
Source: Livemint

Reliance Naval indicts ONGC

Anil Ambani-lead Reliance Naval has filed a lawsuit against E&P major, ONGC for wrongfully terminating a deal and invoking bank guarantee. ONGC refused to take the delivery of an eighth vessel under a supply deal of a dozen vessels. Reliance Naval has asked ONGC for a reimbursement of more than $6.6 million, and another $15.46 million as payment for the support vessel.

   Read More About : India Lawsuits Offshore ONGC Reliance
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