Govt moves Delhi high court to recover $500m dues from Vedanta

New Delhi: The government has gone to court to secure dues of about $500 million (₹3,686 crore) from Vedanta, whose refusal to pay so far has delayed the renewal of contract for its prolific Rajasthan oil block.

“We have filed a petition in Delhi High Court, seeking to recover and secure our dues,” petroleum secretary Tarun Kapoor told ET. “We want to support private companies working in the sector and are aware that they have to make large investments in exploration and production of crude oil and gas. The extension case is under consideration of the government as per policy.”