From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)SC raps Centre for stalling enforcement of Vedanta arbitration awards
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 2 outlets
New Delhi: The Supreme Court on Monday questioned the Union government’s approach to arbitration, asking why it was frustrating enforcement of arbitral awards even after the disputes had been adjudicated by foreign courts, and warning that such prolonged litigation could undermine confidence in…
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center · 1 outlet
MUMBAI: Warning the Centre that prolonged litigation undermines global trust in India's arbitration framework, the Supreme Court on Monday dismissed Centre's appeal against enforcing decades-old arbitral awards for Vedanta and Ravva Oil. Allowing the enforcement of 2004 and 2016 Kuala Lumpur awards…
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right · 2 outlets
The Supreme Court dismissed the Union government's appeal concerning disputes involving $99 million arbitral awards. Vedanta and Ravva Oil sought the enforcement of these awards related to the Ravva oilfield. The Delhi High Court had previously rejected the government's objections to enforcing the…
RSS excerpt
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
