French court allows Cairn to seize 20 Indian govt properties in Paris
Updated Jul 09, 2021 04:57 am
- Armed with a judicial order upholding its case, London-listed Cairn Energy PLC has identified high-value assets of the Indian government in the US, the UK, Canada, Singapore, Mauritius, France, and the Netherlands for enforcing an arbitration award that went against India.
- Cairn has got a favourable order from a French tribunal for seizing 20 properties -- valued at more than 20 million euros -- of the Indian government in that country. The Union government will contest the French court order.
local_offerTags: French court seize of Indian govt properties
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