CAIRN ENERGY PLC. PUTTING PRESSURE ON INDIA TO RECOVER $1.2 BILLION AS ARBITRATION AWARD Cairn Energy Plc. has asked a US Court to make Air India deposit money in a case where it seeks to seize Air India as victory in its arbitration proceedings against India. The Scottish energy giant while making this request also fears that the airlines may be sold before any decision is passed which automatically fails the claim. The letter filed by the counsel on behalf of Cairn additionally stated that India is the original debtor in this scenario due to the application of the doctrine of alter-ego and will be liable to indemnify for all acts done by the airlines but that India has made it evident that they will not be bound by any U.S Court judgements due to its non-enforceability. Reddy and Reddy Law Firm has a team of skilled legal professionals ready to assist you on arbitration and other dispute resolution matters.
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