ADVERTISEMENT
Why India Lost To Cairn Energy: BQ Exclusive
Why the international arbitral tribunal found India violative of the fair and equitable treatment standard under U.K. treaty.
31 Dec 2020, 02:36 PM IST
In directing the Indian government to pay Cairn Energy Plc over $1.2 billion, the three-member international arbitration tribunal stated that the dispute is a tax-related investment dispute and not a tax dispute. Besides the tax department’s orders in Cairn Energy’s case and legislative debates, it relied on the 2012 Shome Committee report and former late Finance Minister Pranab Mukherjee’s autobiography to conclude that the 2012 ret...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT