Niko Resources Ltd NKRSF

RE:RE:Favorable arbitration tuling

[cyber37]

As a 'long' share holder in this outfit (NKO) I wonder if there is ....still any hope to recover some of my investment in that company? Not much going on this board (SH) but interesting articals about ongoing arbitration. Good question as for Niko's 10%? 
G37

"The top court upheld the Delhi High Court’s December 9 order that accepted RIL’s preliminary objections and rejected the ministry’s allegations that serious distrust and justifiable doubts existed with respect to the independence and impartiality of the two foreign members of the tribunal.
Synopsis
A bench led by Chief Justice of India DY Chandrachud rejected the Centre’s allegation of “bias” against arbitrators Michael D Kirby and Bernard Rix looking into a $400-million cost recovery dispute involving natural gas exploration in the KG-D6 block. Former Chief Justice of India
By Indu Bhan, ET Bureau
Jan 10, 2023, 12:31 AM IST
In a major setback to the government, the Supreme Court on Monday dismissed its appeal to halt ongoing arbitration proceedings initiated by Reliance Industries (RIL), BP Exploration and Niko Resources against the petroleum ministry for “having lost faith” in two arbitrators.

A bench led by Chief Justice of India DY Chandrachud rejected the Centre’s allegation of “bias” against arbitrators Michael D Kirby and Bernard Rix looking into a $400-million cost recovery dispute involving natural gas exploration in the KG-D6 block. Former Chief Justice of India"