Indian Supreme Court Finds $278M Oil Contract Award Against India ‘Enforceable’

(October 12, 2020, 10:18 AM EDT) -- NEW DELHI, India — The Supreme Court of India on Sept. 16 dismissed the Government of India’s application challenging enforcement of a more than $278 million arbitral award against it for costs incurred by private companies during an offshore oil drilling project over the agreed-upon cap on costs, ruling that the award does not violate Indian public policy and condoning the drilling companies’ lateness in filing their petition due to a “lack of clarity” in Indian courts on that issue (Government of India v. Vedanta Limited, et al., C.A. No. 3185/2020, India Sup.)....

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