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Govt confirms French court ordered freezing of Indian assets by Cairn Energy
short by Kiran Khatri / on Tuesday, 27 July, 2021
MoS for Finance Pankaj Chaudhary on Tuesday confirmed that a French Court has passed an order "freezing certain Indian government properties in the case pertaining to Cairn Energy". Cairn is seeking to recover $1.7 billion from India after winning an arbitration award in a tax dispute. Earlier, reports said Cairn seized 20 Indian government-owned properties in France after the order.