{"id":638629,"date":"2024-03-16T11:04:52","date_gmt":"2024-03-16T05:34:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=638629"},"modified":"2024-03-16T11:20:27","modified_gmt":"2024-03-16T05:50:27","slug":"govt-moves-high-court-challenging-arbitral-award-to-vedanta","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-moves-high-court-challenging-arbitral-award-to-vedanta\/","title":{"rendered":"Govt moves High Court challenging Arbitral Award to Vedanta"},"content":{"rendered":"<p>The government on Thursday moved the Delhi High Court, challenging a foreign arbitration award won by Vedanta against the former&#8217;s demand for a higher payout from its Rajasthan oil and gas fields.<\/p>\n<p>The dispute between the Directorate of Hydrocarbons and Vedanta &#8211; Cairn arose due to incorrect cost recovery and non-allocation of common costs that allegedly had a huge &#8220;adverse financial implication on the Profit Oil\/Gas&#8221; payable to the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government on Thursday moved the Delhi High Court, challenging a foreign arbitration award won by Vedanta against the former&#8217;s demand for a higher payout from its Rajasthan oil and gas fields. The dispute between the Directorate of Hydrocarbons and Vedanta &#8211; Cairn arose due to incorrect cost recovery and non-allocation of common costs that allegedly had a huge &#8220;adverse financial implication on the Profit Oil\/Gas&#8221; payable to the government.<\/p>\n","protected":false},"author":39,"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-638629","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\/638629","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=638629"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638629\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=638629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=638629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=638629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}