Cairn Energy of the UK has moved to seize Air India’s assets to enforce a $1.2 billion arbitration award it won against a retrospective tax demand by the Indian government. Vyapak Desai, Partner at Nishith Desai Associates, Mukesh Butani, Managing Partner at BMR Legal Advocates, and ET’s Deepshikha Sikarwar explain what this could mean for India as an investment destination. Credits: News Clips from Times Now, ET Now, Zee Media, NDTV, TV 18, Ad Music from Air India.
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