India will not renew an investment treaty with the Netherlands that will expire on November 30 as part of its plan to rework all similar pacts it signed with other countries.
Cairn had in June filed a 160-page Statement of Claim seeking quashing of the retrospective tax demand on a decade-old on an internal reorganisation of its India unit.
The talc case’s main trial before the World Bank’s international tribunal has been concluded. The decision should be made in one or 1.5 years at the latest.