Cairn Energy Seizes 20 Indian Govt Assets In Paris To Recover $1.7 Billion Over Arbitration Case

Cairn Energy has effectively seized Indian state-owned properties in Paris, in a dramatic escalation to force India to pay $1.7 billion awarded by an international tribunal over a tax dispute.

In January, British firm Cairn Energy threatened to seize assets belonging to the Indian government, mainly planes and ships amid the tax dispute.

It said the targets could include bank accounts as well as mobile and immobile property, including the assets of public sector enterprises ...

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