07-27-2008, 03:08 PM
<!--emo&:cool--><img src='style_emoticons/<#EMO_DIR#>/specool.gif' border='0' style='vertical-align:middle' alt='specool.gif' /><!--endemo--> $21.5 million or Rs 100 crore is the fruit of a sweet legal victory which Oil and Natural Gas Corporation earned in the Federal Court of Australia against Perth-based Clough Engineering this week.
This ruling legally arms ONGC, which had accused Clough of non-performance in the development of deep sea blocks in the Krishna-Godavari basin off the Andhra Pradesh coast, to encash the performance guarantee given by the Australian firm.
http://timesofindia.indiatimes.com/Busines...how/3286414.cms
This ruling legally arms ONGC, which had accused Clough of non-performance in the development of deep sea blocks in the Krishna-Godavari basin off the Andhra Pradesh coast, to encash the performance guarantee given by the Australian firm.
http://timesofindia.indiatimes.com/Busines...how/3286414.cms