An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.
AG is of the view that there is no point in dragging the matter further when it has already been "struck down" by one international forum, and also by the top Indian court.
The arbitration of any court is legally binding and the government) can approach the Singapore high court.
India accused the two Italian marines on board the MV Enrica Lexie, an Italian flagged oil tanker, of shooting dead two Indian fishermen off the Kerala coast on February 15, 2012.
China released a white paper against the UN-backed tribunal's verdict, insisting that Beijing has claims over the strategic region for 2,000 years.
India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case, in which the international court had declared the annulling of the contract as "unfair" and "inequitable" and asked it to pay huge amount as compensation.
An international tribunal in the Hague has ruled in favour of the Philippines.
The top court termed the Rs 10 crore compensation paid by the Republic of Italy over and above the payment already made as "reasonable and adequate".
The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US law. Cairn had in May asked a US federal court to force Air India to pay a $1.26 billion arbitration award the firm had won in December. The government on August 13 filed a 'Motion to Dismiss' petition in the US District Court for the District of Colombia, saying it lacked subject matter jurisdiction in the dispute between Cairn and the Indian tax authority, according to a filing seen by PTI.
Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.
The Centre said that the arbitration under United Nation Convention on the Law of Sea (UNCLOS), which was instituted on a request from the Republic of Italy has delivered its Award on May 21, 2020.
The Supreme Court on Friday directed the Centre to deposit in its account the compensation given by Italy for the kin of two Indian fishermen killed by Italian Marines off the Kerala coast in February 2012.
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
The Australian High Commissioner had said Australia remains deeply concerned by Chinese actions in the South China Sea that are 'destabilising and could provoke escalation'. In a tweet, the Chinese envoy took objection to his remarks and said they were made 'disregarding facts'.
Billionaire Anil Agarwal's mining group Vedanta on Monday said it has withdrawn cases in the Delhi high court as well as before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute with the government. Post slapping of a Rs 10,247 crore tax demand on UK's Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation prior to the listing of its India business, the Income Tax Department had sought Rs 20,495 crore in taxes (including penalty) from Cairn India for failing to deduct tax on capital gains made by its British parent. Cairn India was in 2011 bought by Agarwal's group and subsequently, the firm was merged with Vedanta Ltd.
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.
India and China have so far held 19 rounds of talks to resolve the boundary dispute.
British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.
Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.
In a setback for China, an international arbitration court ruled that it has jurisdiction to hear some territorial claims the Philippines has filed against it over disputed areas in the South China Sea, a ruling rejected by China as null and void.
the SC said, "We want that adequate compensation be paid to the victims' family".
Chadha got 120 votes, the highest in the Asia Pacific group
China has taken a position of non-acceptance and non-participation on the jurisdiction by the International Court of Arbitration in a case the Philippines has brought against China's claims to nearly all of the South China Sea, Abraham Denmark, Deputy Assistant Secretary of Defence for East Asia, told lawmakers at a Congressional hearing.
Semenya is appealing the Court of Arbitration for Sport's (CAS) ruling that supported regulations introduced by the sport's governing body, the International Association of Athletics Federations (IAAF). The regulations state that XY chromosome athletes with differences in sexual development (DSDs) can race in distances from 400m to a mile only if they take medication to reach a reduced testosterone level.
'After a strategic pause though, Beijing will revive its policy of slowly creeping towards acquiring sovereignty over the South China Sea.'
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.
'The worst case scenario is for China to behave like a bull in China shop, and brazenly and wantonly indulge in further encroachments, create obstacles to free navigation and convert SCS into an Air Defence Identification Zone.'
Besides Nair, others named in the charge sheet include the then K R Sridhar Murthy, Ramachandra Vishwanathan and M G Chandrasekhar.
Italian Premier Matteo Renzi also expressed satisfaction with the Indian Supreme Court's decision.
In anticipation of a verdict to be delivered by the International Tribunal of the Permanent Court of Arbitration in The Hague on Tuesday, China has orchestrated a worldwide campaign to defuse its findings.
The PLA Air Force has conducted a combat air patrol in the South China Sea recently, which will become "a regular practice" in the future
'I will say all this happened because of ignorance coupled with arrogance,' says G Madhavan Nair.
'While China expressed reservations on the Indian role in the South China Sea, Beijing threw to the winds Indian concerns on Kashmir by announcing $46 billion in investments Pakistan occupied Kashmir,' says Srikanth Kondapalli.
A summary of sports events and persons who made news on Monday
