{"id":425275,"date":"2021-07-09T11:40:22","date_gmt":"2021-07-09T06:10:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=425275"},"modified":"2021-07-09T13:20:34","modified_gmt":"2021-07-09T07:50:34","slug":"cairn-energy-secures-french-court-order-to-seize-20-indian-government-properties-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-energy-secures-french-court-order-to-seize-20-indian-government-properties-report\/","title":{"rendered":"Cairn Energy secures French court order to seize 20 Indian government properties: Report"},"content":{"rendered":"<p>NEW DELHI: Britain&#8217;s Cairn Energy Plc has secured a French court order to seize about 20 Indian government properties in France to recover a part of $1.7 billion arbitration award, a report stated on Thursday. <\/p>\n<p>On June 11, the French court had ordered Cairn Energy&#8217;s take-over of Indian government properties, mostly comprising flat; and the legal process got completed on Wednesday evening, news agency PTI reported quoting sources. <\/p>\n<p>Last year in December, an arbitration panel had ordered the Indian government to return $1.2 billion plus interest and penalty to Cairn Energy after reversing a retrospective tax demand. <\/p>\n<p>With Indian government not honouring the award, Cairn Energy has moved in multiple jurisdictions overseas to recover the amount due by seizing Indian government assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Britain&#8217;s Cairn Energy Plc has secured a French court order to seize about 20 Indian government properties in France to recover a part of $1.7 billion arbitration award, a report stated on Thursday. On June 11, the French court had ordered Cairn Energy&#8217;s take-over of Indian government properties, mostly comprising flat; and the legal process got completed on Wednesday evening, news agency PTI reported quoting sources. Last year in December, an arbitration panel had ordered the Indian government to return $1.2 billion plus interest and penalty to Cairn Energy after reversing a retrospective tax demand. With Indian government [&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":[130,219,137],"tags":[],"class_list":["post-425275","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425275","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=425275"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425275\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}