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Delhi HC directs Centre to fill up the vacant posts, increase sanctioned strength of IT Commissioner (Appeals)

Delhi HC directs Centre to fill up the vacant posts, increase sanctioned strength of IT Commissioner (Appeals)
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$1 2-billion Arbitration Award: Cairn CEO to meet Finance Secretary on February 18

$1.2-billion Arbitration Award: Cairn CEO to meet Finance Secretary on February 18 February 17, 2021 1/2 2/2 × Cairn Energy CEO Simon Thomson will call on Finance Secretary Ajay B Pandey on Thursday, two months after the Edinburgh-based oil and gas explorer won an arbitration award for $1.2 billion against India. The meeting is significant as there are rumours that the government may offer Cairn an out-of-court settlement. India has not yet appealed against the December 22 award given by the international arbitration tribunal, which asked New Delhi to pay Cairn $1.2 billion plus interest and costs. Cairn has filed cases in courts in the US, the UK and the Netherlands to register the award as a pre-emptive action in case India defaults on the payment.

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