UNION OF INDIA vs VEDANTA LIMITED & ANR.

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on:16.04.2025 Judgment pronounced on:11.07.2025 + ARB. A. (COMM.) 31/2024, I.A. 30388/2024, I.A. 30389/2024, I.A. 31248/2024 UNION OF INDIA .....Petitioner Through: Mr. Sanjay Jain and Mr. Ritin Rai, Sr. Advs. with Ms. Rimali Batra, Mr. Abhishek Lalwani, Ms. Rajul Jain, Mr. Krishan Kumar, Advs. versus VEDANTA LIMITED & ANR. .....Respondents Through: Mr. Harish Salve, Sr. Adv. with Ms. Anuradha Dutt, Mr. Anish Kapur, Ms. Priyanka, Mr. Chaitanya Kaushik, Mr. Kunal Dutt, Mr. Raghav Dutt, Ms. Payal Nayak, Mr. Arkaprava Dass, Advs. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH JUDGMENT 1. This is an appeal filed under section 37(2)(b) of the Arbitration & Conciliation Act, 1996 (“1996 Act”) against the order dated 2. Vide the Impugned Order, the AT dismissed the appellant’s application seeking restraint on the respondents from “unilaterally” implementing the Final Partial Award dated 22.08.2023 (as amended on 08.12.2023) (“FPA”) until the liabilities are quantified as per the mechanism outlined in the FPA. FACTUAL BACKGROUND 3. The disputes between the parties stem from the Production Sharing Contract dated 15.05.1995 (“PSC”) ex