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THE PETROLEUM AND NATURAL GAS REGULATORY BOARD ACT, 2006 · SETTLEMENT OF DISPUTES

Section 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.