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India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy


India Challenges $1.2 Billion Arbitration Award To UK s Cairn Energy
India Challenges $1.2 Billion Arbitration Award To UK s Cairn Energy
India said it had never agreed to arbitrate over a national tax dispute and challenged an international arbitration tribunal asking it to return $1.2 billion to UK s Cairn Energy Plc.
Cairn Energy had invoked arbitration under the India-UK bilateral investment treaty. (File)
New Delhi:
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK s Cairn Energy Plc on grounds that it had never agreed to arbitrate over a national tax dispute , the finance ministry said today.
In a statement, the ministry also refuted reports that the government has purportedly asked state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of the potential seizure of such accounts. ....

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Modi has undone a great anomaly by annulling 370: Dr Jitendra


‘Ambedkar had reluctantly introduced controversial Article’
Avtar Bhat
JAMMU, Apr 17: Maintaining that with annulling of Articles 370 and 35 A, Narendra Modi Government has undone a big Constitutional anomaly in the erstwhile State of Jammu and Kashmir as was too a dream of founding father of Indian Constitution, Dr B R Ambedkar, Union Minister in PMO with Independent charge of North Eastern States Dr Jitendra Singh here today said the controversial Article was miscarriage of Constitution.
Dr Jitendra Singh was addressing a function at Model Institute of Education and Research (MIER) Jammu in connection with launching of books of Professor Dr K L Bhatia, a renowned scholar and academician. The two books which were launched included Expounding Constitutionalism in India Challenges and Perspectives; and Dharmoprudence From Legal Cosmology To Illuminative, Expounding And Explicatory Indian Perceptions of Vidhi (Law) and Nyaya (Justice). ....

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