India May Pay Up Partially To Resolve Long-Pending Cairn Tax Dispute: BQ Exclusive

We are ready to pay, a senior government official said to BloombergQuint regarding the pending tax dispute with Cairn Energy Plc. This marks a shift in the government's position though it continues to pursue an appeal against the international arbitral award Cairn won.In the six months since the award, both sides have attempted a negotiated settlement. The government, still holding on to its tax claim asked Cairn to settle under the ...