Reliance asks Niko to exit from KG-D6 gas block over payment default
NEW DELHI: Reliance Industries Limited (RIL) has asked its partner Niko Resources to withdraw from eastern offshore KG-D6 gas block over default in payments for field development cost, but the Canadian firm has sought to stall the move by invoking arbitration, the companies said. Niko, which defaulted on payment of loans to its lenders, has […]