Published On: Sep 16, 2020

The Supreme Court Wednesday upheld the foreign arbitration tribunal award in favour of Vedanta Ltd (formerly Cairn India Ltd) and Videocon Industries Ltd to recover USD 476 million from the government, instead of USD 198 million capped by it, for developing Ravva oil and gas fields. In a set back to the Centre, the top court rejected its appeal against the February 19 order of the Delhi High Court saying that it has not made out a case of violation of procedural due process in the conduct of the arbitral proceedings.  

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