Cairn has initiated an international arbitration seeking $5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed
While dismissing the ministry's plea, the apex court had on Tuesday termed it as "an abuse of the process of the Court" as the issue had been settled twice before
The Concession Agreement was wrongfully repudiated by the government of the Island nation and MACL and on November 29, 2012 arbitration proceedings were initiated by the Government and MACL themselves seeking a declaration that the Concession Agreement was void ab initio, GMR said.
The issue of transfer pricing - transaction prices between separate entities of large firms - has generated much heat in India involving MNCs operating here such as Vodafone, Shell, WNS and Nokia.<br />
It is not as if the idea of specialist judges is novel. Our High Courts and the Supreme Court already divide their work among the judges in such a manner that one's forte is brought to the fore
The shock announcement came a day after she was grilled by a special court in Paris that probes cases of ministerial misconduct, the fourth time she has faced such questioning.
Jindal commenced arbitration before the International Chamber of Commerce (ICC) of Paris and sought recovery of USD 18 million principal, plus interest, related to the illegal encashment of the bank guarantees. In an award dated August 6, 2014, the ICC Tribunal agreed granting principal plus interest for a total in excess of $22.5 million, the company said.<br />
As per the petitioner, OC defaulted in making the payment without any justifiable reasons while the OC has denied this saying that no efforts were made by the firm to resolve the dispute.
Last year in June, the Cabinet had approved conciliation with Vodafone to resolve the capital gains tax dispute related to its 2007 acquisition of Hutchison Whampoa's stake in Hutchison Essar.
Vodafone said on Wednesday it had started international arbitration proceedings against the Indian government since both sides have been unable to find "amicable means of resolving the dispute".
Glenmark Pharmaceuticals said it has received a favourable interim award in a dispute against Napo Pharmaceuticals regarding commercialisation of anti-diarrheal drug
In a letter to the PM, the Malaysian company said if the dispute related to licence cancellation was not resolved within six months, then it could take legal action under the investment treaty signed between Mauritius and India
Power major Reliance Power has sought arbitration against 11 state discoms which had contracted to buy power from its delayed 4000-MW power project in Andhra Pradesh which imports coal from Indonesia.
India's judicial delays are legendary. Now we have an international tribunal pointing fingers at the Supreme Court itself.
Vodafone, which has sent the government a notice on a law that is still to be passed, seems to have jumped the gun on arbitration.