Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement

Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement

The Hindu

British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover $1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Also read: Govt may give oilfield to Cairn in lieu of $1.4 billion dues
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