SC appoints Australian ex-chief justice as arbitrator in KG-D6 gas dispute
The Supreme Court of India on Monday appointed a former Australian chief justice as an arbitrator for resolution of the dispute between Reliance Industries Ltd (RIL) and the Indian government over issues related to KG basin gas field.
James Spigelman, former Chief Justice of New South Wales in Australia, is going to be the third arbitrator and the chairman of the arbitral tribunal that will try to settle the dispute between RIL and the government over recovery of cost for developing key natural gas field in KG basin.
In January this year, the apex court had asked the Mukesh Ambani-led company and the government to propose names of persons who could be assigned with the arbitration task.
The court had also asked the two parties to decide if they wanted to an India or a foreigner for the job of the presiding arbitrator, RIL had expressed its desire for appointment of a foreign arbitrator, who would not be in any connection with parties in dispute.
Mr. Spigelman will be the presiding arbitrator. The other two members of the arbitral tribunal are former chief justices of India V. N. Khare and S. P. Bharucha.
While Mr. Bharucha has been nominated by RIL as its arbitrator on the tribunal, the Centre has picked Mr. Khare as its nominee.