{"id":374046,"date":"2020-09-17T12:08:06","date_gmt":"2020-09-17T06:38:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374046"},"modified":"2020-09-17T13:31:44","modified_gmt":"2020-09-17T08:01:44","slug":"ravva-oil-fields-case-sc-upholds-foreign-arbitration-award-in-favour-of-vedanta-videocon","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ravva-oil-fields-case-sc-upholds-foreign-arbitration-award-in-favour-of-vedanta-videocon\/","title":{"rendered":"Ravva oil fields case: SC upholds foreign arbitration award in favour of Vedanta, Videocon"},"content":{"rendered":"<p>NEW DELHI: In a big setback for the Central government, the Supreme Court on Wednesday upheld the foreign arbitration award in favour of Vedanta and Videocon NSE -3.45 % for the development of the Ravva oil and gas fields off the coast of Andhra Pradesh between 2000 and 2007.<\/p>\n<p>A bench of the apex court, headed by RF Nariman, dismissed the Centre&#8217;s appeal against the foreign arbitration award that allowed Vedanta and Videocon to recover $ 499 million for the development of the Ravva oil and gas fields.<\/p>\n<p>The Central government, through the Ministry of Petroleum and Natural Gas, had in June this year moved the apex court against the foreign arbitration award to recover $ 499 million, instead of $ 198 million capped by the government, for the development of Ravva oil and gas fields.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In a big setback for the Central government, the Supreme Court on Wednesday upheld the foreign arbitration award in favour of Vedanta and Videocon NSE -3.45 % for the development of the Ravva oil and gas fields off the coast of Andhra Pradesh between 2000 and 2007. A bench of the apex court, headed by RF Nariman, dismissed the Centre&#8217;s appeal against the foreign arbitration award that allowed Vedanta and Videocon to recover $ 499 million for the development of the Ravva oil and gas fields. The Central government, through the Ministry of Petroleum and Natural Gas, had [&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":[130,191,136],"tags":[],"class_list":["post-374046","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374046","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=374046"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374046\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}