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India To Challenge Cairn Energy Arbitration Award
This comes a day after Cairn Energy CEO Simon Thomson met Finance Secretary Ajay Bhushan Pandey in the national capital.
19 Feb 2021, 02:46 PM IST
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 ...
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