cairn energy vs india

Question 1

what was the arbitration award given to cairn and by whom

Answer 1

1.2 bil usd by internatonal court of arbitration

Question 2

ceo of cairn? and india’s fin sec

Answer 2

simon thomson. ajay bhushan pandey.

Question 3

when did cairn have a corporate reorganisation? what did it do exactly? how much capital gains tax did it have to pay cuz of this according to india

Answer 3

2006-07. transferred its indian assets to cairn india, which was registered in indin stock exchange in the same year. india claim they made capitl gains because of this and taxed it 24500cr.

Question 4

when did cairn india get sold and to whom? what did govt do?

Answer 4

2011 to vedanta. govt didnt allow 10% to be sold due to tax dispute and forze dividends payment to cairn uk by cairn india.

Question 5

whom did cairn go to for challenging india’s not payment and who was it against

Answer 5

new york court. against air india.

Question 6

when did india introduce retrospective tax law? what does it do

Answer 6

2012.any capital gains resulting from the transfer of shares from a foreign entity whose assets were located in India taxable from 1962.

Question 7

indian scheme cited by india through which dispute can be settled amicably/

Answer 7

vivad se vishwas tax