I don't believe the board could, even if for some nutty reason11 Aug 2021 10:53
they wanted to just accept the $1,000,000,000 and forego the $700,000,000.
The main share holders would have them all sacked IMHO. Simple as that.
Assuming the Indian Government are not completely stupid they must know Cairn will demand most, if not all the interest and legal fee compenation. They also have the same with VOD who have written off their India investment and so will probably demand all the compensation, interest and legal costs before withdrawing their Arbitration action. The Indian Government are in a very deep hole if you ask me due to their previous actions.
All IMHO.