economy Dec 23, 02:12 The decision against the Indian government in the Cairn Energy retrospective taxation arbitration case has put the former in a conundrum. As the amount involved is huge, India could be forced to challenge the verdict by the International Court of Justice at the Hague, a source told Moneycontrol. A final decision on the matter is yet to be taken, however, and could take time as the government is still studying the verdict, the source added. This could also influence the Centre's pending decision on whether to challenge the earlier Vodafone verdict as well. "The government will be studying the award and all its aspects carefully in consultation with its counsels. After such consultations, the Government will consider all options and take a decision on further course of action, including legal remedies before appropriate fora," the government said in a press release.