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    A RETROSPECTIVE TAX TANGLE

    Jul 17, 2021 2 minutes
    By M.G. Arun

    A15-year-old tax dispute has devolved into an ugly legal battle between the Indian government and UK’s Cairn Energy Plc., becoming a major source of international embarrassment for the Centre. On July 8, a Paris court ordered the freezing of over $23 million (Rs 195.5 crore) of Indian government assets in the French capital, partly enforcing a $1.2 billion (Rs 8,900 crore) arbitration ruling in Cairn’s

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