Cairn, Air India seek stay on New York court proceedings

Cairn, Air India seek stay on New York court proceedings

Last month, the government enacted the Taxation Laws (Amendment) Act, 2021, that scraps all such retrospective tax demands. Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm’s US lawsuit targeting the airline for enforcement of a USD 1.2-billion arbitral award.

Read more at 
The Financial Express

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