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Why Cairn Energy s move to attach Air India s assets in $1.2 billion tax case has the Centre in a fix MG Arun © Provided by India Today The recent move by UK s Cairn Energy Plc threatening to seize the assets of national carrier Air India to enforce a $1.2 billion (Rs 8,783 crore) arbitration award the former had won against the Indian government last year has proved to be extremely embarrassing for the Centre. Cairn Energy has moved the US district court for the Southern District of New York, seeking to make Air India liable as the airline is legally indistinct from the state itself . The Centre has countered saying it will take all necessary steps to defend against any such illegal enforcement action, but the entire issue is a grim reminder of a case the government could have done without, and raises a question mark over Indian retrospective tax laws that have led to this unique turn of events.

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