Cairn Energy withdraws all litigations against India in retrospective tax case
Jan 06, 2022, at 06:12 pm
New Delhi/IBNS: Cairn Energy, now known as Capricorn energy, has withdrawn all cases in relation to retrospective taxes, allowing the Indian government to roll back the tax regimen and refund the taxes collected in this regard to the company, media reports said.
Cairn expecting payment of $1.06 billion from India within weeks: Report
Sep 08, 2021, at 04:50 am
Cairn Energy Plc has said its shareholders can expect a return of as much as $700 million once it settles a lingering tax dispute with India, according to media reports.
May 24, 2021, at 07:38 am
New Delhi/IBNS: The Centre has taken strong exception to the media reports that allegedly claimed that it has asked state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of the potential seizure of such accounts with regard to the Cairn legal dispute, a Finance Ministry statement said Sunday.
Indian govt to challenge Hague tribunal's award in favour of Cairn
Mar 25, 2021, at 03:37 am
The Hague/IBNS: India is believed to have challenged the decision of a three-member tribunal at the Permanent Court of Arbitration at The Hague dismissing its Rs 10, 247 crore tax claim on Cairn Energy Plc, said media reports.