Cairn Energy

The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.

Britain's Cairn Energy has said it has complied with all rules of retro tax repeal law to now become eligible for about Rs 7,900 crore refund of taxes

Britain's Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.

Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places

About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.

Cairn Energy PLC will change its name to Capricorn Energy PLC, with effect from December 13, 2021, according to a regulatory filing to the London Stock Exchange

Cairn Energy has entered into certain undertakings with the Government, which would allow for tax refunds under a long-running billion dollar dispute

A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute.

Britain's Cairn Energy pledged to return up to $700 million to shareholders through a special dividend and a share buyback this year.

Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.

The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it

Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the a

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.

The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.

The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.

Britain's Cairn Energy has said it has complied with all rules of retro tax repeal law to now become eligible for about Rs 7,900 crore refund of taxes

Britain's Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.

Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places

About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.

Cairn Energy PLC will change its name to Capricorn Energy PLC, with effect from December 13, 2021, according to a regulatory filing to the London Stock Exchange

Cairn Energy has entered into certain undertakings with the Government, which would allow for tax refunds under a long-running billion dollar dispute

A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute.

Britain's Cairn Energy pledged to return up to $700 million to shareholders through a special dividend and a share buyback this year.

Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.

The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it

Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the a

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.

The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.