Vedanta is appealing a Delhi High Court decision related to its Gujarat offshore oil and gas exploration contract in the Cambay Basin. Multiple reports say the company challenges a single-judge order that refuses its request for a 10-year extension of a Production Sharing Contract (PSC) covering the CB-OS/2 block, also referred to as part of the Gujarat offshore/Cambay Basin offshore area. The High Court supports the government’s position that the extension request should not be granted. Following the ruling, the matter is set to be taken up further, with reporting indicating it moves to a Division Bench. The appeal seeks to overturn the earlier verdict and obtain the longer-term PSC extension that Vedanta had requested. The government’s decision to reject the extension and the High Court’s endorsement of that decision form the basis of the dispute. The reports focus on the procedural next steps and do not cite an outcome beyond the appeal itself.
Vedanta files appeal against Delhi High Court ruling in Gujarat offshore PSC extension case
Vedanta is appealing a Delhi High Court decision related to its Gujarat offshore oil and gas exploration contract in the Cambay Basin. Multiple reports say the company challenges a single-judge order...
- Vedanta appeals a Delhi High Court single-judge order related to a Gujarat offshore Cambay Basin PSC contract.
- The appeal challenges the refusal of a 10-year PSC extension for the CB-OS/2 block.
- The High Court had upheld the government’s decision to reject Vedanta’s extension request.
- The case is reported to move to the Delhi High Court Division Bench for further hearing.
- The dispute concerns the continuation terms of the Production Sharing Contract for the offshore block.
The appeal comes after the High Court backed the government’s decision to reject the company’s request for a 10-year PSC extension.
3 hours agoOil and gas producer challenges single-judge order refusing PSC extension for Gujarat's CB-OS/2 block; matter moves to Division Bench.
19 hours agoModi announces fast-track courts for paper leak cases amid nationwide student protests
Prime Minister Narendra Modi announces that India will set up fast-track courts to handle paper leak cases, promising sw...
Tomas Albornoz cited for sanction after outburst toward referee Angus Gardner
Argentina flyhalf Tomas Albornoz is cited by World Rugby’s disciplinary committee following an incident after Argentina’...
FG launches YOUTHCRED portal offering collateral-free loans to young entrepreneurs
The Federal Government launches the YOUTHCRED for Entrepreneurs initiative and opens an application portal to support yo...