Friday, January 28, 2022

Cairn

Air India has time till mid-July to challenge Cairn lawsuit

With Cairn seeking to recover the award from state-owned entities such as Air India, the government has said it will contest any enforcement.

India challenges $1.2 billion Cairn arbitration award

In December last year, Cairn won an award that held the levy of taxes using the 2012 law unfair on the company and the tribunal asked the Indian government to return $1.2 billion plus cost and interest.

Cairn gets three-month extension for Rajasthan oil block

License to explore and produce oil and gas from Barmer was due to renewal in May this year, but pending settlement of the dispute the government has given five extensions

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