Two separate cases to enforce arbitration awards—one initiated by British oil firm Cairn Energy Plc and the other by three Mauritius-incorporated entities in their dispute with Indian government-owned Antrix Corp.—are at different stages in courts.
In February, the US District Court for Columbia issued a notice to the Indian government on a petition filed by Cairn Energy Plc and Cairn UK Holdings Ltd for enforcement of the arbitral award, court documents showed. In this case, the award is for $1.2 billion—plus interest and cost.
The recovery of arbitration award pursued by Devas (Mauritius) Ltd, Devas Employees Mauritius Pvt. Ltd and Telecom Devas Mauritius Ltd is $562.5 million with interest. On November 4, 2020, the Supreme Court said the total liability under this award appears to be around $1.2 billion.
