Cairn Energy
French court backing: Cairn Energy gets order to attach India assets
Even before the arbitral award was pronounced, India had seized and sold shares of Cairn in its erstwhile India unit, confiscated dividend due and withheld tax refunds (totalling Rs 7,600 crore) to recover the taxes it felt w
Cairn Energy seizes Indian govt properties in France as $1.7 billion tax dispute escalates
The oil producer and the Indian government have been at loggerheads for months after an arbitration tribunal ruled in favour of Cairn and asked the Indian government to pay $1.7 billion over a tax dispute.
After Air India, Cairn to target more state cos to recover money due from govt
Cairn has identified USD 70 billion of Indian assets overseas for potential seizure to collect award, which now totals to USD 1.72 billion after including interest and penalty.
Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt
The government also stated that the CEO and other representatives of Cairn have approached the government for discussions to resolve the matter. Constructive discussions have been held and the government remains open for an a
Can’t risk a mark of Cairn: Foreign investors look for fair & equitable business environment, not regulatory uncertainty
As Cairn moves to attach AI assets, Centre must stop digging in its heels on retro tax, or risk losing investor confidence
India’s offer to Cairn in $1.4-bn arbitration battle: ‘Pay half the dues and move on’
Govt feels it is going to be tough for the company to enforce the arbitral award
Just berating babus is a waste of time
Bureaucrats may stymie what the ministers want, but the only way to fix that is to have sweeping reforms
Retro tax: Amid stand-off, Cairn Energy holds ‘constructive’ meeting with Union finance secretary
On November 18, the GoI told the Delhi High Court it is yet to take a call on whether to challenge the Vodafone award. It was then presumed that the government was waiting for the Cairn verdict, which was due.
Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive
Cairn Energy had in 2011, sold Cairn India to mining billionaire Anil Agarwal's Vedanta Group, barring a minor stake of 9.8 per cent.
Risking seizure of assets is a bad idea
Govt chance of winning Vodafone/Cairn appeals poor & Cairn has already made the first move to attach India’s assets
Cairn offers to pay 15% of principal amount pending tax case
Hit hard by the retrospective tax, Cairn Energy plc of UK has offered to pay 15 per cent of the Rs 10,247 crore principal amount in return for government lifting freeze on the 9.8 per cent shares it holds in its erstwhile sub
In need of cash, govt chases $117 bn in elusive back taxes
Finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious defic
Cairn India has indemnity from Cairn Energy on Rs 20,000 tax
Cairn India has full indemnity from its former promoter Cairn Energy of UK against levy of any tax for past deeds, including the two-year old Rs 20,495 crore retrospective tax demand, its new owner Anil Agarwal has said.
Vodafone retro tax case: Here’s some bad news for a govt trying to reassure investors
Though the government’s decision to not repeal the retrospective tax when it came to power two years ago was always unfortunate, prime minister Narendra Modi and finance minister Arun Jaitley came up with a solution which,
Rs 29,000 cr case: Cairn Energy asks Narendra Modi govt to walk the talk on retro tax
Weeks after being slapped with a Rs 29,000 crore 'retrospective tax demand', British oil explorer Cairn Energy today said international investors want the Narendra Modi government to walk the talk on resolving retrospective t
Vodafone, Cairn Energy retro tax case handling is sheer coercion Mr Jaitley
Vodafone, Cairn Energy retro tax case: Not being able to scrap the 2012 retrospective tax amendment is one of the major failures of the NDA government. The option to pay tax minus the interest and penalty is no solution — i
Income Tax Dept slaps Rs 29,000 cr tax demand notice on Cairn Energy
The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest.
Will seek $600 mn from India in damages: Cairn Energy
British oil firm Cairn Energy said it will seek from India over $600 million in damages for loss it suffered in value of its holding from a Rs 10,247-crore tax demand raised on its eight-year-old internal business recognition
British MP nudges Arun Jaitley on Cairn Energy tax dispute
Ian Murray, Member of Parliament for Edinburgh South and Shadow Secretary of State for Scotland, wrote to Arun Jaitley saying Cairn has lost jobs and suffered material financial loss as a direct result of action by the Govern
Cairn wants India to appoint arbitrator by Nov 11
Cairn Energy of UK is willing to suspend its appeal to International Court of Justice seeking appointment of an arbitrator on behalf of Government of India to resolve the Rs 10,247 crore tax dispute, provided an arbitral pane
ONGC-Cairn jointly utilise gas facilities
While PSU alleges gas theft by Reliance Industries in KG basin
Govt to join Cairn tax arbitration; to appoint arbitrator soon
Cairn Energy, which had in 2011 sold majority stake in its Indian unit to mining group Vedanta for USD 8.67 billion, still holds 9.8 per cent stake in Cairn India. But it has been barred by the I-T Department from selling thi
Cairn set to go to the International Court of Justice against India
Cairn Energy is set to approach the International Court of Justice (ICJ) on September 11, asking it to appoint an arbitrator on behalf of the Indian government in its $1.6-billion...
Cairn Energy set to go to ICJ against India
Cairn Energy is set to approach the International Court of Justice (ICJ) on September 11, asking it to appoint an arbitrator on behalf of the Indian government in its $1.6 bn...
Aviva Investors opposes Vedanta takeover bid for Cairn India
Aviva's UK equity team has a 4.3 per cent stake in Cairn Energy, the original owner of Cairn India and still its largest minority shareholder.
