Cairn Energy

Cairn Energy News

I-T dept sells $216-million stake of Cairn in Vedanta

According to Cairn, the I-T Department has continued to enforce its retrospective tax claim against Cairn whilst the Treaty arbitration has been ongoing.

India's proposed investment treaty terms leave foreign partners cold: report

Currently, India is entangled in more than 20 international arbitration cases, and could end up paying billions of dollars in damages if it loses.


I-T dept orders coercive action against UK’s Cairn Energy

This follows British oil firm losing in an international arbitration tribunal its challenge against India’s I-T department taking coercive action to recover the tax dues.

Cairn Energy's arbitration worth Rs 29,047 crore gets underway

The Indian government will fix its 'Statement of Defence' by the fourth quarter of 2016 calendar year and evidential hearing is expected to commence in early 2017.

Retro tax settlement scheme to open from June 1

Sources said the government was of the view that the arbitrations are not just time consuming but were also costing the government a lot besides getting India a bad name.

Continuing spectre

In government’s struggle with disputes arising from UPA’s retrospective tax amendments lies a cautionary tale.


Govt sends Rs 29K crore tax notice to Cairn Energy

According to Cairn, CUHL is pursuing its rights under Indian law to appeal the assessment, both in respect of the basis of taxation and the quantum assessed.

Tax demand notice: Cairn to seek damages from Centre for losses

Cairn Energy, which in 2011 sold majority stake in Cairn India to mining major Vedanta Resources, had to scale back investments as it was barred by the I-T department from selling its residual 9.8 per cent stake.

Aviva Investors opposes Vedanta takeover bid for Cairn India

Aviva's UK equity team has a 4.3 per cent stake in Cairn Energy, the original owner of Cairn India and still its largest minority shareholder.

Battling tax disputes, foreign MNCs make a beeline for international arbitrations

Cairn Energy has become the latest firm to international invoke investment protection treaty , after Vodafone and Nokia.