{"id":341415,"date":"2020-03-11T12:04:59","date_gmt":"2020-03-11T06:34:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341415"},"modified":"2020-03-11T12:23:22","modified_gmt":"2020-03-11T06:53:22","slug":"cairn-expects-arbitration-award-in-retro-tax-case-by-this-summer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-expects-arbitration-award-in-retro-tax-case-by-this-summer\/","title":{"rendered":"Cairn expects arbitration award in retro tax case by this summer"},"content":{"rendered":"<p>British oil explorer Cairn Energy Plc expects an international arbitral tribunal to give a decree by the summer of 2020 on its challenge to the Indian government seeking \u20b910,247 crore in retrospective taxes.<\/p>\n<p>The three-member tribunal, which had in December 2018 completed main court hearings in the British company\u2019s challenge to the Indian government using a retrospective legislation to seek \u20b910,247 crore in taxes, was supposed to give an award by February 2019, but in March 2019, it delayed it to 2019-end and then to the summer of 2020.<\/p>\n<p>\u201cAll formal hearings and submissions have now been made and the tribunal is in the process of drafting its award. The tribunal has indicated that it expects to be in a position to issue the award in the summer of 2020,\u201d Cairn said in its half-yearly earnings announcement on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British oil explorer Cairn Energy Plc expects an international arbitral tribunal to give a decree by the summer of 2020 on its challenge to the Indian government seeking \u20b910,247 crore in retrospective taxes. The three-member tribunal, which had in December 2018 completed main court hearings in the British company\u2019s challenge to the Indian government using a retrospective legislation to seek \u20b910,247 crore in taxes, was supposed to give an award by February 2019, but in March 2019, it delayed it to 2019-end and then to the summer of 2020. \u201cAll formal hearings and submissions have now been made and the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-341415","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341415"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341415\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}