{"id":415325,"date":"2021-05-17T10:18:26","date_gmt":"2021-05-17T04:48:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415325"},"modified":"2021-05-17T11:01:31","modified_gmt":"2021-05-17T05:31:31","slug":"cairn-identifies-70-bn-indian-assets-for-seizing-to-recover-amount-due-from-govt-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-identifies-70-bn-indian-assets-for-seizing-to-recover-amount-due-from-govt-2\/","title":{"rendered":"Cairn identifies $70 bn Indian assets for seizing to recover amount due from govt"},"content":{"rendered":"<p>New Delhi: UK&#8217;s Cairn Energy has identified $70 billion of Indian assets overseas for potential seizure to collect $1.72 billion due from the government &#8212; a move if successful will put India in league with Pakistan and Venezuela which faced similar enforcement action over failure to pay arbitration awards. <\/p>\n<p>The assets identified range from Air India&#8217;s planes to vessels belonging to the Shipping Corporation of India, and properties owned by state-owned banks to oil and gas cargoes of PSUs, three people familiar with the matter said. <\/p>\n<p>These assets are across several jurisdictions, they said without giving further details.<\/p>\n<p>Cairn plans to move courts in the US to Singapore for seizure of the assets in absence of Indian government&#8217;s refusal to honour an international arbitration award.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: UK&#8217;s Cairn Energy has identified $70 billion of Indian assets overseas for potential seizure to collect $1.72 billion due from the government &#8212; a move if successful will put India in league with Pakistan and Venezuela which faced similar enforcement action over failure to pay arbitration awards. The assets identified range from Air India&#8217;s planes to vessels belonging to the Shipping Corporation of India, and properties owned by state-owned banks to oil and gas cargoes of PSUs, three people familiar with the matter said. These assets are across several jurisdictions, they said without giving further details. Cairn plans [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-415325","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=415325"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415325\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}