SC: It will be difficult to reverse Cairn-Vedanta deal

The Supreme Court yesterday said it will be difficult to reverse the USD 8.5 billion Cairn-Vedanta deal but would examine the allegation that it contravened an agreement that while selling its shares Cairn India would offer them first to state-owned PSU ONGC.  A bench of justices D K Jain and Madan B Lokur asked the  [ Read More ]