Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about Rs 7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government to the seven-year old dispute over levy of back taxes, the company - which is now known as Capricorn Energy PLC - has initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award which had overturned levy of Rs 10,247 crore retrospective taxes and ordered India to refund the money already collected. Two sources with direct knowledge of the matter said Cairn on November 26 withdrew the lawsuit it had brought in Mauritius for recognition of the arbitration award and took similar measures in courts in Singapore, the UK and Canada.
Silva's name was mentioned in the resolution passed by the UN Human Rights Council (UNHRC) in 2013, alleging rights abuses by the Sri Lankan Army.
According to the resolution plan, the airline is planning to start with six to seven aircraft on domestic routes and looking to restart international service within six months of resuming operations.
The Paris-based global watchdog for curbing terror financing and money laundering will hold its virtual plenary session from October 21 to 23. It will review Pakistan's progress on the 27-point action plan.
Chelsea captain John Terry has been under the spotlight all week and there will be no change when the Premier League leaders play Arsenal on Saturday, the European champions' first big game of the season according to teammate Branislav Ivanovic.
Bakshi had moved the application under Section 9 of the Conciliation and Arbitration Act, dealing with foreign arbitration and foreign tribunals.
UK-based Cairn Energy PLC on Wednesday said it has agreed to drop litigations to seize Indian properties in countries ranging from France to the UK as it has accepted the Indian government's offer to settle tax dispute relating to the levy of taxes retrospectively. Meeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world. The government now has to accept this and issue Cairn a so-called Form-II, that will commit it to refund the tax collected to enforce the retrospective tax demand.
SC tells the Centre that any deviation from its stand that the issue of Indian Prisoners of War languishing in Pakistani prisons cannot be taken to the International Court of Justice, will have its own ramifications.
Senior advocate Harish Salve, appearing for the telecom major, informed Justice Manmohan that the company in its response to the high court's August 22 notice has said it is not acceding to jurisdiction of the Indian courts in the matter.
Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
Bangladesh's fundamentalist Jamaat-e-Islami chief Motiur Rahman Nizami was on Wednesday sentenced to death by a special tribunal for his role in the killing of thousands of people during the nation's independence war against Pakistan in 1971.
The court then directed the government to pay the salary and retirement benefits to the dependents of the PoWs.
The Supreme Court had ruled in Vodafone's favour in 2012.
The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital -- which has won the bid to revive Jet Airways -- on Monday said it expects to start operating the airline by the summer of 2021.
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
The Supreme Court Monday stayed the ongoing proceedings before the Delhi high court in the case related to the amalgamation of Future Retail Ltd (FRL) with Reliance Retail. A bench of Justices R F Nariman, B R Gavai and Hrishikesh Roy posted the matter for hearing on May 4 and directed that all pleadings be completed in the matter. Amazon had moved the apex court on April 8 challenging the Delhi high court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries.
With the addition of 4,000 employees, the RCom staff strength is estimated to rise to 9,500
'The CAA should be kept in abeyance, without making it a prestige issue.'
'Laying down a clear policy on the future of illegal migrants will dispel anxieties and help in implementing the CAA, NPR and also the NCR,' suggests former Union home secretary Dr Madhav Godbole.
Deputy superintendent of police Amanullah was among the 15 people killed in the incident
Bangladesh's Supreme Court on Tuesday handed down the death penalty for fundamentalist Jamaat-e-Islami leader Abdul Quader Mollah for his involvement in the 1971 war crimes, revising a special tribunal verdict which had sentenced him to life imprisonment.
The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
France soccer internationals Franck Ribery and Karim Benzema have been discharged of solicitation of an underage prostitute, the Paris Correctional Tribunal said on Thursday.
In a relief to former Supreme Court judge Justice Swatanter Kumar, the Delhi high court on Thursday restrained the media from publishing and telecasting the contents of the law intern's complaint of sexual harassment against him.
Ruchi Soya was admitted to the corporate insolvency resolution process (CIRP) in December 2017 and owes lenders Rs 12,000 crore.
The HMO said it will amend the rules to increase the time limit of filing of appeals in foreigners tribunals from 60 to 120 days for those who would be excluded from the final NRC.
'This government has not created any employment.' 'Forget employment, the government had not done anything in skill development.'
An Indian connection to the war crimes tribunal has emerged, further complicating matters, says RS Chauhan
RIL has denied knowingly producing any gas from the ONGC block
'67 per cent of our transactions happen digitally and about 93 per cent of transactions happen outside the branch.' 'Despite that, there is ample scope for promoting banking-related activities in branches.' 'So, for some time, we will have to, probably, live with the same structure.'
The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Nair blamed the then United Progressive Alliance government for the "hasty" decision to cancel the agreement with Devas
Former Supreme Court judge and National Green Tribunal chairperson Swatanter Kumar on Wednesday moved the Delhi high court seeking to restrain the media from reporting the alleged sexual assault case of his former woman law intern.
He also made an appeal not to 'overblow' the issue of data breach.
'Pakistan has completely failed to provide the remedy as directed by the ICJ and India reserves its position in the matter, including its rights to avail of further remedies'
Much of Bangladesh was paralysed on Monday by the latest strike called by Jamaat-e-Islami, with two powerful explosions rocking Shahbag Square, the epicentre of a massive campaign demanding toughest punishment for leaders of the fundamentalist party for war crimes during the 1971 war.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
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