{"id":427756,"date":"2021-07-28T08:22:12","date_gmt":"2021-07-28T02:52:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427756"},"modified":"2021-07-28T09:31:32","modified_gmt":"2021-07-28T04:01:32","slug":"cairn-arbitration-govt-confirms-french-court-order-against-indian-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-arbitration-govt-confirms-french-court-order-against-indian-assets\/","title":{"rendered":"Cairn arbitration: Govt confirms French court order against Indian assets"},"content":{"rendered":"<p>The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain&#8217;s Cairn Energy, which is seeking to recover USD 1.72 billion from New Delhi after winning an arbitration against retro tax.<\/p>\n<p>Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. <\/p>\n<p>&#8220;Yes sir, an order has been passed by a French Court freezing certain Indian government properties in the case pertaining to Cairn Energy,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain&#8217;s Cairn Energy, which is seeking to recover USD 1.72 billion from New Delhi after winning an arbitration against retro tax. Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. &#8220;Yes sir, an order has been passed by a French Court freezing certain Indian [&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":[135,130,169],"tags":[],"class_list":["post-427756","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427756","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=427756"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427756\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}