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Arbitration award: Cairn CEO to meet finance secretary on Thursday

Inter-ministerial meeting with officials of key govt departments today to discuss India's strategy

cairn, oil and gas
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India is likely to file an appeal at The Hague by around March 10 and is in talks with senior Dutch lawyers

Dilasha SethJyoti Mukul New Delhi
Cairn Energy’s Chief Executive Officer (CEO) Simon Thomson will meet Union finance secretary Ajay Bhushan Pandey on Thursday as the UK-based oil company builds pressure on India to honour a $1.2 billion arbitration award that went in its favour. 

The meeting comes in the backdrop of both sides hardening stand and the UK energy company filing a case in the US and the UK, seeking enforcement of an arbitration award.

Thomson had sought an appointment with Finance Minister Nirmala Sitharaman who did not give a formal time. She, however, told Business Standard, “The finance secretary will meet the Cairn CEO

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