British Firm Cairn Energy Threatens To Seize Indian Planes & Ships Amid $1.2B Tax Dispute

British firm Cairn Energy has threatened to seize assets belonging to the Indian government, mainly planes and ships amid $1.2 billion tax dispute. Targets could include bank accounts as well as mobile and immobile property, including the assets of public sector enterprises such as state-owned Air India, but not diplomatic assets.

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Cairn threatens to seize Indian assets

The UK-based energy firm was awarded damages by an international tribunal in the high-profile dispute with th...

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