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Cairn energy case: Government may challenge international tribunal's Cairn tax order


Synopsis
There have been suggestions that Cairn, and even Vodafone, could opt for a settlement of the long-pending dispute by opting for ‘Vivad Se Vishwas’ scheme, where the entire disputed amount has to be paid by March 31.
Reuters
Although the government is still “studying the order”, its stance is clear and officials, who are due to meet a team led by Cairn CEO Simon Thomson, are expected to articulate the position.
(This story originally appeared in
on Feb 18, 2021)NEW DELHI: The government is in no mood to relent in its fight to recover $1.2 billion in tax claims from
Cairn and is looking to appeal against the international tribunal’s verdict or get the British company to seek a settlement under ‘Vivad Se Vishwas’ scheme. ....

United Kingdom , Arun Jaitley , Simon Thomson , Vivad Se Vishwa , Narendra Modi , Vivad Se Vishwas , Cairn Tax , ஒன்றுபட்டது கிஂக்டம் , அருண் ஜெய்ட்லி , சிமோன் தாம்சன் , விவாத் சே விஷ்வா , நரேந்திர மோடி , விவாத் சே விஸ்வாஸ் , கெய்ன் வரி ,

Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive


Synopsis
We had a constructive dialogue and the dialogue is ongoing, ThomsonCairn Energy Plc Chief Executive Simon Thomson told reporters after meeting Finance Secretary Ajay Bhushan Pandey, CBDT Chairman P C Mody and other tax officials. He refused to comment on what transpired at the meeting. I can t comment more on the meeting.
Getty Images
New Delhi: Nearly two months after it won an international arbitration tribunal ruling against the Indian government levying taxes retrospectively, Britain s Cairn Energy Plc Chief Executive Simon Thomson on Thursday met top finance ministry officials in hope of quickly resolving the issue. We had a constructive dialogue and the dialogue is ongoing, Thomson told reporters after meeting Finance Secretary Ajay Bhushan Pandey, CBDT Chairman P C Mody and other tax officials. ....

United Kingdom , United Kingdom General , New Delhi , Nirmala Sitharaman , Ajay Bhushan Pandey , Lok Sabha , Anurag Singh Thakur , Cairn Energy , Franklin Templeton , Anil Agarwal Vedanta Group , Air India , Britain Cairn Energy Plc , Cairn India To Energy , Finance Secretary Ajay Bhushan Pandey , Finance Minister Nirmala Sitharaman , United Kingdom India Bilateral Investment Treaty , Dutch Caribbean , Finance Anurag Singh Thakur , Cairn India , Anil Agarwal , Vedanta Group , Tax Demand , Pc Mody , Income Tax Department , Simon Thomson , ஒன்றுபட்டது கிஂக்டம் ,

$1.2-billion Arbitration Award: Cairn CEO to meet Finance Secretary on February 18


$1.2-billion Arbitration Award: Cairn CEO to meet Finance Secretary on February 18
February 17, 2021
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Cairn Energy CEO Simon Thomson will call on Finance Secretary Ajay B Pandey on Thursday, two months after the Edinburgh-based oil and gas explorer won an arbitration award for $1.2 billion against India.
The meeting is significant as there are rumours that the government may offer Cairn an out-of-court settlement.
India has not yet appealed against the December 22 award given by the international arbitration tribunal, which asked New Delhi to pay Cairn $1.2 billion plus interest and costs. Cairn has filed cases in courts in the US, the UK and the Netherlands to register the award as a pre-emptive action in case India defaults on the payment. ....

United Kingdom , New Delhi , City Of , Ajayb Pandey , Simon Thomson , Cairn Energy , Finance Secretary Ajayb Pandey , Finance Secretary , Viswas Scheme , Cairn Secretary , Arbiteration Award , India Cairn , Cairn Award , ஒன்றுபட்டது கிஂக்டம் , புதியது டெல்ஹி , நகரம் ஆஃப் , சிமோன் தாம்சன் , கெய்ன் ஆற்றல் , நிதி செயலாளர் , விஸ்வாஸ் திட்டம் , கெய்ன் செயலாளர் , இந்தியா கெய்ன் , கெய்ன் விருது ,