State-run Oil India Ltd has
rejected the resignation offered by V K Sibal after he was
reverted to the company following denial of extension as oil
regulator amid reports of alleged favours to corporate houses.
A CBI team on Friday visited office of oil regulator V K Sibal to check records following charges that he received favours from Mukesh Ambani-led RIL to approve an inflated expenditure for gas field, a charge denied by him.