Supreme Court Rejects Plea Against Vedanta Arbitration Awards
The Supreme Court dismissed the Union government's appeal against $99 million arbitration awards involving Vedanta and Ravva Oil. These awards pertain to the enforcement related to the Ravva oilfield. Earlier, the Delhi High Court had rejected the government's objections. The disputes stem from a 1994 production sharing contract between the petroleum ministry and several companies.
Economic Times·




