India’s retroactive tax demands have come back to haunt the government, with the Permanent Court of Arbitration awarding damages of $1.2 billion plus interest and costs to oil and gas explorer Cairn. What options does India have?
A two-judge bench headed by the Chief Justice DN Patel and Justice Prateek Jain was hearing a petition filed by online payment platform Paytm alleging fraud on its customers due to phishing activities over the various mobile networks causing financial and reputational loss to the petitioner.