Vedanta Oil and Gas Ltd updates on adverse Delhi High Court Judgment Regarding CB/OS-2 Block PSC Extension

Vedanta Oil and Gas Limited (formerly known as Malco Energy Limited) has given update regarding an adverse legal development in the Hon'ble Delhi High Court concerning the extension of the company's Production Sharing Contract (PSC) for the CB/OS-2 offshore block.

Key Highlights of the Regulatory Disclosure

Authority/Court: Hon'ble Delhi High Court.

Opposing Parties: Union of India through the Ministry of Petroleum and Natural Gas (MoPNG) and the Directorate General of Hydrocarbons (DGH).

Core Dispute: Non-acceptance by the Government of India regarding the application for extending the Production Sharing Contract (PSC) for the CB/OS-2 Block.

Court Judgment (July 22, 2026): The single bench of the Hon'ble Delhi High Court dismissed the writ petition filed by Vedanta Limited challenging the Government's non-extension decision.

Legal Recourse Initiated: Vedanta Oil and Gas Limited has filed a Letters Patent Appeal (LPA) before the Division Bench of the Hon'ble Delhi High Court to challenge the single-bench judgment and seek appropriate appellate remedies.

Financial & Operational Impact: The company is currently evaluating the overall financial and operational implications arising from the court judgment.

Source : Equity Bulls

Keywords

VedantaOilandGas Update DelhiHC AdverseJudgment