DMD Advocates represented Vedanta and CEHL in Major Delhi High Court Victory
Vedanta Limited (Vedanta) and Cairn Energy Hydrocarbons Limited (CEHL) secured a significant favourable ruling from the Hon’ble Delhi High Court, which dismissed an appeal filed by the Government of India (GOI) under Section 37 of the Arbitration and Conciliation Act, 1996. The Section 37 appeal had challenged an interim order under Section 17 of the Act passed by an arbitral tribunal in an international commercial arbitration related to the recovery of costs under a Production Sharing Contract (PSC) for the Rajasthan Oil Block.
The GOI’s Section 17 application sought to restrain Vedanta and CEHL from rendering accounts in accordance with the Final Partial Award (FPA) dated 08.12.2023 and making adjustments of approximately USD 534 million. The arbitral tribunal’s interim order dated 29.04.2024 rejected the GOI’s application under Section 17. The GOI then challenged this interim order before the Delhi High Court, seeking its reversal and an order restraining Vedanta and CEHL from making future adjustments.
The Delhi High Court dismissed the GOI’s appeal as devoid of merits, holding that within its limited jurisdiction under Section 37, there was no ground to interfere with the well-reasoned interim order passed by the arbitral tribunal.
DMD Advocates, led by Anuradha Dutt, Anish Kapur, Chaitanya Kaushik, Priyanka MP, Kunal Dutt, Raghav Dutt, Payal Nayak, and Arkaprava Dass, along with Harish Salve, Senior Advocate, successfully represented Vedanta Limited and CEHL in this matter.
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