India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy India said it had never agreed to arbitrate over a "national tax dispute" and challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc. Cairn Energy had invoked arbitration under the India-UK bilateral investment treaty. (File) New Delhi: India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agreed to arbitrate o...