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Cairn Energy Tax Dispute: Centre Says Open To Amicable Solution

Cairn Energy Tax Dispute: Centre Says Open To Amicable Solution
Cairn Energy Tax Dispute: Centre Says Open To Amicable Solution
Cairn Energy Dispute: Centre said the CEO and representatives of Cairn Energy have approached it for discussions to resolve the matter.
Centre has said that Cairn Energy has approached it for amicable settlement
The Government on Sunday said that it can consider an amicable solution to the Cairn dispute. It also said that the CEO and the representatives of Cairn Energy have approached the Centre for discussions to resolve the matter.
In a statement issued by the Finance Ministry, it also vehemently denied reports claiming that it asked state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of the potential seizure of such accounts with regard to the Cairn legal dispute . ....

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India To Challenge Cairn Energy Arbitration Award

India To Challenge Cairn Energy Arbitration Award
Feb 19 2021, 2:46 PM
February 19 2021, 11:37 AM
February 19 2021, 2:46 PM
The Indian government is set to file an appeal against the $1.2-billion arbitration case won by Cairn Energy Plc.A day after Cairn Energy Chief Executive Officer Simon Thomson met Finance Secretary Ajay Bhushan Pandey in New Delhi, a person familiar with the matter said the Indian government will contest its sovereign right to tax.The person cited above said the government will also strongly contest other suits filed by Cairn Energy .
The Indian government is set to file an appeal against the $1.2-billion arbitration case won by Cairn Energy Plc. ....

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