Live Breaking News & Updates on Financial Express Affirming

Retro tax: Amid stand-off, Cairn Energy holds ‘constructive’ meeting with Union finance secretary
FE Bureau
© Provided by The Financial Express
Affirming its jurisdiction over the case, the tribunal said the Cairn case was not just a tax-related, but an investment-related dispute.
Amid Cairn Energy’s reported move to recover a $1.4-billion arbitral award in its favour by attaching and seizing Indian assets overseas and New Delhi’s rumoured plans to contest the award, the Edinburgh-headquartered energy company s chief executive Simon Thomson met Union finance secretary Ajay Bhushan Pandey here on Thursday. While the development kept alive hopes of a reconciliation, Thomson, as he came out of the meeting, said the talks were ‘constructive’, without elaborating. ....

United Kingdom , New Delhi , Simon Thomson , Ajay Bhushan Pandey , J Christopher Thomas , Harish Salve , Cairn Energy , Hague Court , Cairn India Holdings To , Delhi High Court , Permanent Court , Financial Express Affirming , Solicitor General , India Netherlands Bilateral Investment Treaty , India United Kingdom , Cairn United Kingdom , Cairn India Holdings , It Appellate Tribunal , Delhi High , While Cairn , Cairn India , ஒன்றுபட்டது கிஂக்டம் , புதியது டெல்ஹி , சிமோன் தாம்சன் , அஜய பூஷன் பாண்டே , ஜு கிறிஸ்டோபர் தாமஸ் ,