Delhi HC sets aside order asking Govt to extend Vednata oil deal till 2030
The Delhi High Court on Friday set aside a single judge order directing the Centre to extend till 2030 its production sharing contract (PSC) with Vedanta Ltd and ONGC to produce oil from the Barmer oil field in Rajasthan.
A bench of Chief Justice D N Patel and Justice Jyoti Singh allowed the central government’s appeal against the single judge’s order of May 31, 2018 order in favour of Vedanta, formerly Cairn India.
The detailed judgement is yet to be uploadedon the high court’s website.
The central government had claimed that the PSC with Vedanta will fall under the new policy for such contracts. The contention was opposed by the company.
