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Total 23 results found. Search for [ Indian appeal cairn arbitration award ]

Results 1 to 21 of 23
PTI
May 23, 2021
India had seized and sold shares of Cairn in its erstwhile India unit, confiscated dividend due and withheld tax refunds to recover the tax demand it had levied two years after passing a law in 2012 that gave it powers to levy tax retrospectively


PTI
May 16, 2021
The assets identified range from Air India's planes to vessels belonging to the Shipping Corporation of India, and properties owned by state-owned banks to oil and gas cargoes of PSUs


Reuters
May 7, 2021
Cairn was awarded damages of more than $1.2 billion plus interest and costs in December in a long drawn-out tussle with the Indian government over its retrospective tax claims


BusinessToday.In
March 30, 2021
Cairn Energy says it has full confidence on its position. The company will continue to take all steps necessary to protect the interests of its shareholders, adds British energy giant


PTI
March 23, 2021
The appeal against a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India's Rs 10,247 crore tax claim on Cairn Energy and ordering the government to return the value of shares it had sold, comes weeks before UK PM Boris Johnson's visit to India


Dipak Mondal
March 10, 2021
Government believes that Cairn had set up a tax-abusive structure and did not pay taxes anywhere in the world on the gains that it made in India; it was well within India's sovereign powers to redress the situation


PTI
March 9, 2021
\"Cairn is extremely confident that satisfaction of the award will be achieved either by negotiated settlement or by enforcement against Indian assets,\" says firm


PTI
March 8, 2021
Once the court recognises an arbitration award, the company can petition it for seizing any Indian government assets such as bank accounts, airplanes and ships in those jurisdictions, to recover the monies due to it


PTI
March 7, 2021
Finance Minister Nirmala Sitharaman had on March 5 indicated the government's intent to appeal against the award when she said it is her \"duty\" to appeal in cases where the nation's sovereign authority to tax is questioned


Dipak Mondal
February 19, 2021
The arbitration court unanimously ruled that India breached its obligations to Cairn under the UK-India Bilateral Investment Treaty


PTI
January 31, 2021
For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout


PTI
January 26, 2021
The British firm has begun identifying overseas Indian assets, including Indian bank accounts, airplanes and other foreign properties, in case the Indian government fails to honour the arbitration award


Manu Kaushik
December 24, 2020
The government has reportedly challenged the international tribunal's September verdict that ruled in favour of Vodafone Group Plc in the Rs 22,100-crore tax dispute case


Dipak Mondal
December 23, 2020
Supreme Court lawyer Arvind Datar, who has represented Cairn in this case, says that the government has the right to appeal but he does not know whether they will appeal or not


BusinessToday.In
December 23, 2020
The Government will be studying the award and all its aspects carefully in consultation with its counsels, says finance ministry, adding that it will consider all options and take a decision on further course of action, including legal remedies before appropriate fora


BusinessToday.In
December 23, 2020
International arbitration tribunal has asked India to pay Rs 8,000 crore as damages to Cairn; winning of case ends one of the most high profile disputes in India


BusinessToday.In
December 1, 2020
Issue was recently discussed at a meeting in which PM Modi was also present but final decision will most likely be taken in next meeting after weighing in all pros and cons


PTI
November 23, 2020
If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand


PTI
October 4, 2020
Finance Ministry sources said the government will decide on challenging the award before a court in Singapore - which was the seat of the arbitration, after taking legal opinion


Reuters
May 29, 2019
Nissan sent a legal notice to Indian PM Narendra Modi's administration in 2016 claiming more than Rs 5,000 crore ($720 million) in a dispute over incentives it said were due from Tamil Nadu as part of a 2008 agreement to set up a car manufacturing plant in the state


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