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Govt of India v. Vedanta Ltd & Ors
Civil Appeal No. 3185 OF 2020 (Arising out of SLP (Civil)
No.7172 of 2020
Background facts
On October 28, 1994, a Production Sharing Contract (PSC) was
executed between the parties and Oil and Natural Gas Corp Ltd
(ONGC) for development of Ravva Oil and Gas Field (Ravva Field).
Subsequently, disputes arose between parties with respect to
recovery of development costs, which were referred to arbitration
seated in Malaysia. On January 18, 2011, Arbitral Tribunal in
Malaysia passed an Award (Award) whereby the Govt of India (GoI)
was directed to pay an amount of USD 278.87 million to Vedanta.
Pursuant to the same, in April 2011, Vedanta made certain ....

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