‘Nobody Will Trust You’: SC Rejects Centre’s Plea Against Vedanta Arbitration Awards

Supreme Court raps Centre for stalling enforcement of Vedanta arbitration awards

Bench dismisses Union government’s challenge to a Delhi High Court order allowing Vedanta Ltd. and Ravva Oil (Singapore) Pte. Ltd. to enforce foreign arbitration awards involving claims of nearly $99 million

SC raps Centre for stalling enforcement of Vedanta arbitration awards

At the heart of the dispute was how payments towards costs previously incurred by ONGC in developing the oilfield were to be accounted for while calculating the companies’ share of revenue from oil production

‘Nobody will trust you’: SC rejects Centre’s plea against Vedanta arbitration awards

The Supreme Court questioned the government’s approach to arbitration, asking why it was frustrating enforcement of an arbitral award after the dispute had been adjudicated by foreign courts.

Centre moves Supreme Court against Vedanta’s $99 million Ravva oilfield award

The Union government is challenging a Delhi High Court order allowing the enforcement of foreign arbitration awards stemming from a long-standing $99 million revenue-sharing dispute over the Krishna-Godavari basin oilfield.