UK-based Vedanta group company, Cairn India Ltd's plea for permission to export excess crude from its oil field in Rajasthan was dismissed by the Delhi High Court on Tuesday (Oct 18).
Justice Manmohan said that under the production sharing contract (PSC) between Cairn and the central government, the company would get a right to seek permission to export its share of the crude oil only after India attains self sufficiency.
The court said in the absence of a notice from the Centre saying India has attained self sufficiency, Cairn "can only claim compensation" from the government under the dispute- resolution mechanism provided under the PSC.
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