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India challenges $1.2 billion Cairn arbitration award
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agre
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Cairn offers to forego $500 million if India agrees to pay principal due
Cairn Energy has offered to forego $500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian governm
