New Delhi, July 23 -- The Delhi High Court on Wednesday upheld the Centre's decision to deny Vedanta Ltd a 10-year extension of its Production Sharing Contract (PSC) for an offshore oil block in Gujarat, directing the company to hand over the block to Oil and Natural Gas Corporation (ONGC). A bench of Justice Purushaindra Kumar Kaurav held that Vedanta became ineligible for an extension after it unilaterally deducted Rs.88 crore from the Centre's share of profit petroleum to offset its Special Additional Excise Duty liability, despite the Ministry of Petroleum and Natural Gas rejecting such an adjustment in September 2022. Calling the conduct "shocking" and "serious", the court said Vedanta, entrusted with managing public resources, had bre...