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CAIRN REFUND
India refunds Rs 7,900 cr to Cairn to settle retro tax disputeCairn, which is now known as Capricorn Energy Plc, in a statement said the tax refund has been paid and "net proceeds of USD 1.06 billion h...- Cairn says completed all steps of retro tax repeal law, entitled to Rs 7,900 cr tax refundThe company on November 26, 2021, initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an internatio...
- Cairn Energy withdraws all litigations in retrospective tax caseCairn Energy “has entered into the final stage in its undertakings with the Government of India by withdrawing Indian and global appellate ...
- Govt accepts Cairn's offer on retro tax; company to withdraw cases now, refund to followThe government has issued Cairn a so-called Form-II, committing to refund the tax collected to enforce the retrospective tax demand, two so...
- Cairn Energy to change name to Capricorn EnergyCairn Energy, which gave India its biggest on land oil discovery, had in 2011 sold the India unit, Cairn India to mining baron Anil Agarwal...
- Cairn gives in writing to indemnify govt, withdraw cases to get Rs 7,900 crore tax refundMeeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemni...
- New York court pauses tax suit to allow Cairn to settle dispute with IndiaThe New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy an...
- Cairn Energy, Air India seek stay on New York court proceedingsCairn and Air India in a joint request to US District Judge Paul Gardephe on September 13 stated that a stay on proceedings would give them...
- Cairn expects $1.06 billion in refund from India, plans to return $700 million to shareholdersCairn Energy expects a “near-term” resolution on retrospective tax issue with India and a refund of ₹7,900 crore ($1.06 billion), the compa...
- Cairn accepts $1 billion refund offer, to drop cases against India within days, says CEOThe offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government "is accepta...
- Cairn Energy expects a ‘near-term’ resolution on retrospective tax issue with IndiaCairn is “working with Government of India to expedite documentation and payment of refund,” the company said, adding that it was required ...
- Retro tax: Cairn Energy executives to meet finance ministry officials soonSenior Cairn Energy executives are expected to meet finance ministry officials this week to discuss their tax dispute, days after Parliamen...
- Indian government asks a US court to dismiss Cairn Energy's plea on $1.2 billion award, cites 'sovereign immunity'
- India asks US court to reject Cairn's $1.2 billion suitCairn had in May asked a US federal court to force Air India to pay a USD 1.26 billion arbitration award the firm had won in December.
- Cairn executives meet finmin officials, seek clarifications on settlement of retro taxCairn Energy has sought several clarifications from the government on settling the dispute over retrospective tax.
- $1.2 bn arbitration award: Govt says no formal proposal from Cairn to settle disputeWith New Delhi refusing to pay and instead challenged the award before a court in The Netherlands, Cairn has got the order registered in se...
- BlackRock, Franklin Templeton, other Cairn Energy shareholders ask India to honour arbitration awardCairn is three-fourth owned by world's top investors with MFS Investment Management being its largest investor.
- Cairn says engaged with Indian govt on adherence to arbitration awardThe tribunal last month had overturned a Rs 10,247 crore retrospective tax demand on the British oil and gas company and asked the governme...
- Cairn adds another $249 mn to compensation claim from IndiaTo recover this, the tax department "seized" USD 104.7 million of dividend income due to it from Vedanta Ltd, where it holds about 5 per ce...
- Rajasthan High Court rejects Cairn India claim for refund of Rs 300 crore cessA Division Bench of the HC, set aside the order of the Central Excise and Sales Tax Appellant Tribunal while allowing the appeal of the cen...
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