Delhi HC denies Vedanta 10-year extension for Cambay CB-OS/2 block

Court cites Vedanta ₹88cr, shares fall

Vedanta's request hit a wall because of alleged unpaid dues and policy violations, including adjusting ₹88 crore from the government's share without approval.
The court also pointed out that extensions are not automatic; companies have to meet all requirements.
After this decision, Vedanta's shares dropped to ₹262.10 as ONGC prepares to take over operations.