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The Petroleum and Natural Gas Regulatory Board Act, 2006


27. Factors to be taken into account by the Board.-

The Board shall, while deciding a dispute under this Chapter, have due regard to the provisions of this Act and to the following factors, namely:-

a.     the amount of disproportionate gain made or unfair advantage derived, wherever quantifiable, as a result of the default;

b.    the amount of loss caused to an entity as a result of the default;

c.     the repetitive nature of the default.



The Petroleum and Natural Gas Regulatory Board Act, 2006 Back




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