A division Bench of the Delhi High Court on Wednesday upheld the single-judge order rejecting Vedanta Cairn’s plea to export excess crude oil from its Barmer oil field in Rajasthan.
In 2016, a Bench had rejected Cairn’s plea stating the company would get the right to seek permission only after the country was self-sufficient. As the government had not declared itself to be self-sufficient, the firm could only claim compensation from the government under the dispute-resolution mechanism, the court had then said.
According to the production sharing contract (PSC) between Cairn India, and Oil and Natural Gas Corporation (ONGC), the former could