NEW DELHI: Britain’s Cairn Energy Plc has secured a French court’s order dated 11 June had reportedly directed Cairn Energy to seize Indian government properties.
The Finance Ministry on Thursday, 8 July, said that it has received no communication from any French court on British gas and oil firm Cairn Energy’s seizure of Indian government assets in a tax dispute case, adding that both parties are in discussions to resolve the matter.
“There have been news reports that Cairn Energy has seized/frozen State-owned property of the Government of India in Paris. However, Government of India has not received any notice, order, or communication, in this regard, from any French Court.”
Finance Ministry, as per ANI
The ministry has also said that it has filed an application dated 22 March 2021 to dismiss the December 2020 international arbitral award in The Hague Court of Appeal.
