{"id":438492,"date":"2021-09-27T11:01:48","date_gmt":"2021-09-27T05:31:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438492"},"modified":"2021-09-27T12:23:31","modified_gmt":"2021-09-27T06:53:31","slug":"us-court-halts-suit-allowing-cairn-to-settle-row-with-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-court-halts-suit-allowing-cairn-to-settle-row-with-india\/","title":{"rendered":"US court halts suit, allowing Cairn to settle row with India"},"content":{"rendered":"<p>NEW DELHI: A New York court has paused Cairn Energy\u2019s pursuit of US assets of Air India for the recovery of a $1.2-billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the longdrawn dispute. <\/p>\n<p>The New York district court delayed the tax suit to November 18, according to court documents. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the government enacting a fresh law to scrap retrospective taxation in the country. <\/p>\n<p>The new law will result in withdrawal of the Rs 10,247-crore tax demand that the government had sought from Cairn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: A New York court has paused Cairn Energy\u2019s pursuit of US assets of Air India for the recovery of a $1.2-billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the longdrawn dispute. The New York district court delayed the tax suit to November 18, according to court documents. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the government enacting a fresh law to scrap retrospective taxation in the country. The new law will result in withdrawal of 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":[130,219,137],"tags":[],"class_list":["post-438492","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438492","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=438492"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438492\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}