Govt weighs options as Cairn wins Paris assets

Cairn Energy said on Thursday that it has been successful in its application to the French court, Tribunal judiciaire de Paris, to freeze (through judicial mortgages) residential real estate owned by the Government of India in central Paris in the latest chapter in the saga of a tax dispute that was settled in favour of the UK energy company by an arbitration court.

India will “vigorously defend” any move of UK’s Cairn Energy Plc to attach Indian assets overseas, the finance ministry said. The Indian government has not received any notice, order, or communication, in this regard from any French court, the ministry said in a statement.