‘Not received order from any French court’: India on Cairn seizing assets
Indian government on Thursday said it has not received any notice or order from any French court after Cairn Energy said it has won an order from French court to seize Indian state-owned properties in Paris.
The order, according to Cairn, is part of the company’s attempt to recover a $1.2 billion arbitration award it won last year in a tax dispute.
A French court froze residential real estate belonging to the Indian government, Cairn said in a statement Thursday. The order affects 20 properties valued at more than $24 million, it said.
“There have been news reports that Cairn Energy has seized frozen State owned property of Government of India in Paris. However, Govt.
