Quick Summary
It is stated that the award in the arbitration case under India-UK Agreement for Promotion and Protection of Investments invoked byCairn Energy PlcandCairn UK Holdings Limitedagainst Government of India has been passed. The Government will be studying the award and all its aspects carefully in consultation with its counsels. After such consultations, the Government will consider all options and take a decision on further course of action, including legal remedies before appropriate fora.
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The arbitration case was brought by Cairn Energy Plc and Cairn UK Holdings Limited against the Government of India under the India-UK Agreement for Promotion and Protection of Investments.
Yes, it is stated that the award in the arbitration case has been passed.
The government will study the award and all its aspects carefully in consultation with its counsels.
After consultations, the government will consider all options and decide on the further course of action, including legal remedies.
CAclubindia
