CAIRN ENERGY DRAGS AIR INDIA TO A U.S. COURT TO RECOVER $1.2 BN INTERNATIONAL ARBITRATION AWARD

In order to recover its international arbitration award worth $1.2 billion, Scottish  explorer Cairn Energy Plc has dragged Indian airlines company Air India to a US court. Cairn Energy won this international arbitration award against the Indian government's retrospective tax claim in the month of December. According to the reports, Cairn has filed the lawsuit in the US district court for the Southern District of New York, where it is....