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GEEC's CBM foray-II: Saddled with litigation
Jul 07: While posting a positive cash flow, GEECL seems to have run into trouble, both with the DGH, the PNGRB as well as its contractors
8A primary contractor of the company has taken it to court for unpaid dues, and there are now a bitter series of claims and counter claims
8The PNGRB has slapped a penalty for an unauthorised gas pipeline.
8The DGH too has claimed that dues have not been paid
8The allocation for another CBM block is currently under contest
Most of these these issues are currently under litigation or arbitration.
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