November 3, 2026: The Supreme Court has permitted Vedanta Oil and Gas to enforce foreign arbitral awards worth $99 million against the Union government. The order stems from a long-standing dispute regarding cost-recovery provisions under the production-sharing contract for the Ravva oilfield.

Data Snapshot

Enforceable foreign arbitral award value stands at $99 million.
Prior Delhi High Court judgment dated 01 July 2026 rejected government objections and directed release of bank guarantees within eight weeks.

(Source: Sahi.com)