India filing appeal against Cairn arbitration award, say sources
The Hindu
India is in the process of filing an appeal against an arbitration panel ruling asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday.
If enforcement proceedings are initiated, India is confident of addressing them and will strongly defend its interests, the sources said, adding it is open to a constructive settlement of tax disputes within the existing legal framework.
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