Legal News of the Day.

SC Rules in Vedanta Favour in 2011 Malaysian Arbitral Award.

The SC rejected the Central government petition challenging the

enforcement of the 2011 Malaysian arbitral award passed in favour of

Vedanta in relation to the Ravva oil and gas fields. It also held that the

enforcement of this award will not go against the public policy of India.

The court dismissed the plea filed by the Union Ministry of Petroleum and

Natural Gas regarding enforcement of the arbitral award.

The Centre had moved the SC challenging the decision of the Delhi HC

which allowed Vedanta to implement the foreign award of 2011, which

allowed the company to seek a larger sum of recovery instead of the

amount was capped by the Indian government.

The court said, “ We conclude that the enforcement of the foreign award

does not contravene the public policy of India, or that is contrary to basic

notions of justice. We affirm the judgement of the Delhi HC dated

19.02.2020.”

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