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Cairn Tax Dispute

India refunds Rs 7,900 cr to Cairn to settle retro tax dispute

The government initially refused to honour the award but in August 2021 brought a law to scrap all retrospective tax demands and refund money collected but without any interest or penalty

India refunds Rs 7,900 cr to Cairn to settle retro tax dispute
Updated On : 25 Feb 2022 | 12:35 AM IST

Retrospective tax: Cairn drops lawsuits in US, UK against Indian govt

Last month, Cairn said it has agreed to drop litigations to seize Indian properties in several countries as it has accepted India's offer to settle the tax dispute

Retrospective tax: Cairn drops lawsuits in US, UK against Indian govt
Updated On : 26 Dec 2021 | 11:19 AM IST

US court pauses suit, allows Cairn Energy to settle tax dispute with India

The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI.

US court pauses suit, allows Cairn Energy to settle tax dispute with India
Updated On : 26 Sep 2021 | 10:32 AM IST

Cairn accepts $1 bn refund offer, to drop cases against India: CEO

The offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government 'is acceptable to us', says Cairn CEO Simon Thomson

Cairn accepts $1 bn refund offer, to drop cases against India: CEO
Updated On : 07 Sep 2021 | 2:29 PM IST

$1.2-bn arbitral award: US court sets timelines for Cairn-India lawsuit

A federal court in Washington has set timelines for responses to be filed to an Indian government petition seeking dismissal of a suit by Britain's Cairn Energy

$1.2-bn arbitral award: US court sets timelines for Cairn-India lawsuit
Updated On : 27 Aug 2021 | 10:28 PM IST

A near-empty CBDT tackles arbitration cases, domestic tax issues

Four vacancies in the Central Board of Direct Taxes (CBDT) have not been filled despite the Appointments Committee of Cabinet (ACC) clearing names in February, exposing administrative gaps

A near-empty CBDT tackles arbitration cases, domestic tax issues
Updated On : 22 May 2021 | 6:10 AM IST

Tripping up on arbitration

Cairn Energy has wrong-footed the government

Tripping up on arbitration
Updated On : 19 May 2021 | 11:33 AM IST

Cairn arbitration award case: Govt gears up to stop Air India asset seizure

Seeks details from airline to assess impact on privatization

Cairn arbitration award case: Govt gears up to stop Air India asset seizure
Updated On : 17 May 2021 | 9:36 AM IST

Arbitration case: Cairn Energy offers to invest $1.2 bn if India relents

Cairn Energy has offered to invest the entire award money in India, which includes the principal amount of $1.2 billion and interest of $500 million if the government agrees to enforce the award

Arbitration case: Cairn Energy offers to invest $1.2 bn if India relents
Updated On : 12 Apr 2021 | 2:43 AM IST

Govt files appeal against $1.2-billion Cairn arbitration verdict

Will also contest the enforcement in other jurisdictions, including the UK, US

Govt files appeal against $1.2-billion Cairn arbitration verdict
Updated On : 24 Mar 2021 | 5:01 AM IST

India in process of filing appeal against Cairn arbitration award: Report

India is in the process of filing an appeal against an arbitration panel asking it to return USD 1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday

India in process of filing appeal against Cairn arbitration award: Report
Updated On : 10 Mar 2021 | 9:00 PM IST

Cairn says it has identified Indian assets for seizing if it is not paid

British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas which it can seize

Cairn says it has identified Indian assets for seizing if it is not paid
Updated On : 09 Mar 2021 | 4:47 PM IST

India ready to appeal Cairn's $1.2 billion arbitration award this week

Courts in five countries, including the US and UK, have given recognition to the $1.4 billion arbitration award

India ready to appeal Cairn's $1.2 billion arbitration award this week
Updated On : 09 Mar 2021 | 6:10 AM IST

US, UK, 3 other courts confirm $1.4 bn arbitration award against India

Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc

US, UK, 3 other courts confirm $1.4 bn arbitration award against India
Updated On : 08 Mar 2021 | 4:36 PM IST

Time to move on

Govt should end its retrospective tax disputes

Time to move on
Updated On : 22 Feb 2021 | 11:15 PM IST

$1.2-bn arbitration award: Cairn, govt discuss long-term capital gains tax

Company will invest in India, but looking for 'acceptable solution' to tax dispute

$1.2-bn arbitration award: Cairn, govt discuss long-term capital gains tax
Updated On : 22 Feb 2021 | 2:15 AM IST

Expect to meet Sitharaman on arbitration award next week, says Cairn CEO

Last month, the Edinburg-based firm had written to the govt saying it would be forced to seize Indian government assets if New Delhi fails to pay it $1.4 bn

Expect to meet Sitharaman on arbitration award next week, says Cairn CEO
Updated On : 10 Feb 2021 | 1:32 PM IST

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Decision comes in the wake of Indian govt's plan to appeal against the award that went against it

Cairn Energy CEO Thomson to meet FM next week over arbitration award
Updated On : 09 Feb 2021 | 10:51 PM IST

Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more

Here's a selection of Business Standard opinion pieces for the day

Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more
Updated On : 24 Dec 2020 | 6:12 AM IST

Twin blows in three months

Govt must move on, accept retro tax arbitration awards

Twin blows in three months
Updated On : 23 Dec 2020 | 10:39 PM IST