{"id":415191,"date":"2021-05-15T11:45:53","date_gmt":"2021-05-15T06:15:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415191"},"modified":"2021-05-15T14:00:29","modified_gmt":"2021-05-15T08:30:29","slug":"arbitration-victors-push-for-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/arbitration-victors-push-for-recovery\/","title":{"rendered":"Arbitration victors push for recovery"},"content":{"rendered":"<p>Two separate cases to enforce arbitration awards\u2014one 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.\u2014are at different stages in courts.<\/p>\n<p>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\u2014plus interest and cost.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two separate cases to enforce arbitration awards\u2014one 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.\u2014are 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\u2014plus interest and cost. The recovery of arbitration award pursued by Devas (Mauritius) Ltd, Devas Employees Mauritius Pvt. Ltd and [&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":[141,130,183],"tags":[],"class_list":["post-415191","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415191","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=415191"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415191\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}