NEW DELHI: In a new setback for the government on retrospective taxes, a arbitration The panel unanimously ruled in favor of Cairn Energy Plc, arguing that the Center had not “met its obligations” under the UK-India bilateral investment treaty and international law by requesting tax payments of Rs 10,250 crore …
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Written by Aashish Aryan, edited by Explained Desk | New Delhi | Updated: December 23, 2020 12:33:35 pm Worker cycles by machinery at Cairn India, Barmer oil and gas exploration plant in Rajasthan. (Photo via Bloomberg) The Permanent Court of Arbitration in The Hague has ruled that the Indian government …
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Vedanta, led by Anil Agarwal, got relief when the Supreme Court on Wednesday rejected the government’s statement challenging an arbitration award that allowed the company to recover $ 499 million instead of $ 198 million that (the government) had limited to develop. the Ravva oil and gas fields. The dispute …
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