Legal Proceedings Details
Authority Involved: Hon'ble Delhi High Court
Opposing Party: Oil and Natural Gas Corporation Limited (ONGC)
Nature of Dispute: ONGC has filed an enforcement petition seeking enforcement of an arbitral award dated July 31, 2023. The arbitration proceedings were between ONGC and Vedanta Limited.
Current Status:
- The Company received a copy of the enforcement petition
- At the hearing held on July 20, 2026, the Hon'ble court issued notice to the Company to file its reply
- No interim adverse order has been passed against the Company
- Next date of hearing: September 11, 2026
Financial Implications:
- The arbitral award pertains to an amount of approximately USD 37 million
- This amount is applicable to the Company and its subsidiaries
- The entire amount has already been provided for in the books of account
Company's Response: The Company is evaluating the matter and will pursue appropriate legal remedies.
Regulatory Reference: This disclosure is made under Regulation 30 of SEBI Listing Regulations, Schedule III, Clause 8 of Para B of Part A.