{"id":358219,"date":"2020-06-19T12:18:45","date_gmt":"2020-06-19T06:48:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358219"},"modified":"2020-06-19T12:27:19","modified_gmt":"2020-06-19T06:57:19","slug":"ravva-oil-gas-fields-sc-seeks-response-from-vedanta-asks-parties-to-maintain-status-quo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ravva-oil-gas-fields-sc-seeks-response-from-vedanta-asks-parties-to-maintain-status-quo\/","title":{"rendered":"Ravva oil &amp; gas fields: SC seeks response from Vedanta; asks parties to maintain status quo"},"content":{"rendered":"<p>The Supreme Court on Wednesday asked Vedanta to explain why it should be allowed to recover $499 million, instead of $198 million capped by the government, for development of the Ravva oil and gas fields off the Andhra Pradesh coast between 2000 and 2007.<\/p>\n<p>A bench led by Justice SA Nazeer sought response from Vedanta on an appeal by the ministry of petroleum &amp; natural gas against a foreign arbitration award that allowed Vedanta and Videocon Industries to recover $499 million for the development of the oil and gas fields. <\/p>\n<p>While asking the ministry and Vedanta to \u201cmaintain status quo existing as on today,\u201d it posted the matter for further hearing on July 22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Wednesday asked Vedanta to explain why it should be allowed to recover $499 million, instead of $198 million capped by the government, for development of the Ravva oil and gas fields off the Andhra Pradesh coast between 2000 and 2007. A bench led by Justice SA Nazeer sought response from Vedanta on an appeal by the ministry of petroleum &amp; natural gas against a foreign arbitration award that allowed Vedanta and Videocon Industries to recover $499 million for the development of the oil and gas fields. While asking the ministry and Vedanta to \u201cmaintain status quo [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-358219","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358219"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358219\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}