Will seek $1 billion from India in damages: Cairn Energy
British oil firm Cairn Energy Plc Tuesday said it will seek from India over USD 1 billion in damages for loss it suffered in value of its holding from a Rs 10,247-crore tax demand raised on its eight-year-old internal business recognition.
Jan 19, 2016, 18:48 PM ISTCairn names ex-Bulgarian minister arbitrator for tax dispute
Cairn Energy of UK has named former Bulgarian minister and lawyer Stanimir A. Alexandrov as its arbitrator for resolution of the Rs 10,247-crore tax demand the Indian government had slapped on it using retrospective taxation.
May 25, 2015, 21:23 PM IST