Vedanta to file notice of claim in Cairn India tax dispute
The notice is the first step required before seeking international arbitration under the UK-India bilateral investment treaty
Vedanta Resources Plc said it would file a notice of claim related to a tax demand of about ₹ 20,500 crore that its unit Cairn India Ltd received from the Indian government this month.
The notice is the first step required before seeking international arbitration under the UK-India bilateral investment treaty, London-listed Vedanta said on Friday.
Cairn India received the retrospective tax demand in relation to its 2007 listing in India.
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