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Delhi HC clears ONGC takeover of Vedanta's Gujarat oil block
in5points
Delhi High Court allowed ONGC to take over Vedanta's Suvali oil block in Gujarat.
Vedanta had unilaterally deducted from the government's share of oil, breaching contract terms.
The court rejected Vedanta's appeal, stating the government cannot be held ransom.
Vedanta's contract extension was denied due to the breach; ONGC gets the block.
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