Cairn Energy and Air India have filed a joint request in the U.S. District Court for the Southern District of New York to stay proceedings in the lawsuit filed by Cairn Energy in May 2021 to hold the airline liable for an arbitration award as a state-owned company of India. The lawsuit had stemmed from a decision issued in December 2020 by the Tribunal of the Permanent Court of Arbitration (PCA) in the case of Cairn Energy PLC & Cairn UK Holdings Limited v. India, which involved a retrosp…