Cairn Tax Dispute
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US Court Pauses Tax Suit To Allow Cairn To Settle Dispute With India
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute.
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Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
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Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
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Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
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India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
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.
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Cairn Energy Sues Air India For $1.2 Billion Arbitration Award: Report
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
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India Files Appeal In $1.2 Billion Cairn Arbitration Case: Report
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.
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Will Indian Government Appeal Verdict Giving $1.3 Billion To Cairn?
Cairn Energy said on Wednesday it had won an international arbitration case against the centre over a tax dispute that had caused concern among investors over retrospective tax claims on companies.
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In Cairn Dispute, Tax Department Orders Recovery Of 10,000 Crores: Report
The tax department will now move to take over the 9.8 per cent shareholding Cairn Energy had in Cairn India, sources told PTI.
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Scottish Firm Writes To PM Narendra Modi On Tax Dispute Ahead Of Theresa May's Visit
Ahead of British Prime Minister Theresa May's maiden visit, UK's Cairn Energy has written to Prime Minister Narendra Modi reminding him that resolution to the Rs 29,047 crore retrospective tax demand it faces is still pending.
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India Will State Its Stand Before Relevant Authority: Jaitley On Cairn Energy Tax Dispute
The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said in London on Tuesday after the British firm announced that it will seek over USD 1 billion in damages from India.
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Resolution of 3 Pending Tax Disputes in Works, Says Arun Jaitley
The government is keen on early resolution of the three pending tax disputes -- involving foreign giants Vodafone, Cairn and Shell -- and the best way to get an expeditious disposal is being worked out, Finance Minister Arun Jaitley said today.
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US Court Pauses Tax Suit To Allow Cairn To Settle Dispute With India
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute.
-
Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
-
Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
-
Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
-
Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
-
India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
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.
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Cairn Energy Sues Air India For $1.2 Billion Arbitration Award: Report
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
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India Files Appeal In $1.2 Billion Cairn Arbitration Case: Report
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.
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Will Indian Government Appeal Verdict Giving $1.3 Billion To Cairn?
Cairn Energy said on Wednesday it had won an international arbitration case against the centre over a tax dispute that had caused concern among investors over retrospective tax claims on companies.
-
In Cairn Dispute, Tax Department Orders Recovery Of 10,000 Crores: Report
The tax department will now move to take over the 9.8 per cent shareholding Cairn Energy had in Cairn India, sources told PTI.
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Scottish Firm Writes To PM Narendra Modi On Tax Dispute Ahead Of Theresa May's Visit
Ahead of British Prime Minister Theresa May's maiden visit, UK's Cairn Energy has written to Prime Minister Narendra Modi reminding him that resolution to the Rs 29,047 crore retrospective tax demand it faces is still pending.
-
India Will State Its Stand Before Relevant Authority: Jaitley On Cairn Energy Tax Dispute
The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said in London on Tuesday after the British firm announced that it will seek over USD 1 billion in damages from India.
-
Resolution of 3 Pending Tax Disputes in Works, Says Arun Jaitley
The government is keen on early resolution of the three pending tax disputes -- involving foreign giants Vodafone, Cairn and Shell -- and the best way to get an expeditious disposal is being worked out, Finance Minister Arun Jaitley said today.
