UK’s Cairn NSE 0.81 % Energy, renamed Capricorn Energy this week, has withdrawn arbitration enforcement suits in the US courts as part of its settlement with the Indian government in the retrospective tax case.
Cairn Energy filed a “notice of voluntary dismissal” of its petition against India in the District of Columbia District Court on Wednesday, as per court filings. On the same day it filed a similar plea for dismissal of its petition against Air India in the New York Southern District Court. Both cases have been “terminated,” according to the PacerMonitor website that tracks federal court cases in the US.
