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Once the December 2020 ruling of the international tribunal on the arbitration initiated by Cairn came overturning the levy of taxes on the reorganisation of India business that Cairn carried in 2006 before listing the local unit, "the government could have just released those shares and the matter would have ended," a leading tax expert says. ....
[Exclusive] India firms up grounds for appeal in Cairn Award, to file appeal this week timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
$1.2-billion Arbitration Award: Cairn CEO to meet Finance Secretary on February 18 February 17, 2021 1/2 2/2 × 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. ....