This is yet another attempt by Cairn to mount pressure on the government to honour the award. Last month, Cairn wrote to the Indian government, seeking clarity on this ahead of the company s earnings release on March 9. In its letter, the company also warned that it had put in place necessary preparations to enforce the award against Indian assets overseas.
Cairn team to visit India next week to convince government against appeal in tax case
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Cairn team to visit India next week to convince government against appeal in tax case
Sidhartha / TNN / Feb 9, 2021, 21:06 IST
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Cairn Energy team is seeking to meet finance minister Nirmala Sitharaman and other top government functionaries in India. (Representative image)
NEW DELHI: A high-level team of Cairn Plc, led by its CEO Simon Thomson, will be in India next week to impress upon the government to honour the award of the international tribunal in the retrospective tax case, amid indications that the finance ministry is planning to file an appeal.