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HC Refuses to Stop Vedanta's Deductions in Oilfield Dispute
Business Standard
|July 12, 2025
Dismisses appeal to restrain firm from deducting govt share
The Delhi High Court on Friday dismissed an appeal by the Centre to restrain Vedanta from deducting payments from its (the Centre's) revenue share from the Mangala, Bhagyam, and Aishwariya oil and gas fields in Rajasthan.
Justice Jasmeet Singh, in his interim order, rejected the government's request to stop Vedanta from implementing a 2023 arbitral award.
So far, Vedanta has adjusted about ₹3,235 crore from the provisional revenue estimates for the second, third and fourth quarters of 2023-24 and is yet to adjust another ₹1,347 crore.
Vedanta can now proceed with its deductions until the final payout is quantified by the arbitration tribunal.
Diese Geschichte stammt aus der July 12, 2025-Ausgabe von Business Standard.
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