India will appeal against the arbitration award issued to Cairn Energy by the international tribunal on the grounds of contesting its sovereign right to tax, while strongly contesting other cases filed by Cairn in other international courts, sources said.
The appeal against the award is likely to be in the government in the Netherlands, while India will contest it s right to tax in the case filed by Cairn in a US court to implement the award. Cairn conducted transactions through tax havens to avoid taxes, government sources said. The UK based oil major reorganised it s assets in India back in 2007 before a public listing.