The award from a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India#39;s Rs 10,247 crore tax claim on Cairn Energy and ordering the government to return the value of shares it had sold, dividends seized and tax refunds withheld, was registered in the Netherlands on January 8, two people aware of the matter said.India has till mid-April to appeal against Cairn award; challenge only on limited grounds
The award from a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India#39;s Rs 10,247 crore tax claim on Cairn Energy and ordering the government to return the value of shares it had sold, dividends seized and tax refunds withheld, was registered in the Netherlands on January 8, two people aware of the matter said.
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