It said it had filed an appeal against the tribunal decision of the Permanent Court at The Hague delivered in December 2020. Earlier, a Cairn Energy spokesperson had told The Hindu that the ball is in India’s court to stop the enforcement proceedings of assets. “However, in the absence of such a settlement, Cairn must take all necessary legal actions to protect the interests of its international shareholders,” the statement added. “Government has already filed an application on March 22, 2021 to set aside the December 2020 international arbitral award in The Hague Court of Appeal. Despite the snowballing dispute, both the government and Cairn Energy said they were open to continuing talks over the issue.

Source: The Hindu July 08, 2021 05:16 UTC