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Cairn India retro tax case: Arbitration Tribunal delays award to mid-2020

More than a year after hearings in an arbitration initiated by Cairn Energy against Rs 10,247-crore retrospective tax demand ended, the three-member Arbitral Tribunal has indicated that the award will be further delayed to mid-2020, the British firm said on Monday. The international tribunal, which had in August last year completed main court hearings in the British company's challenge to the Indian government using retrospective legislation to seek Rs 10,247 crore in taxes, was supposed to give an award by February 2019, but in March it delayed

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First Published: Oct 28 2019 | 4:10 PM IST

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