Home / News / India News / Article / UK’s Cairn Energy gets French court nod to seize 20 Indian properties in Paris to recover arbitration award

UK’s Cairn Energy gets French court nod to seize 20 Indian properties in Paris to recover arbitration award

According to the people in the know and reports, French courts completed the legal process on Indian asset takeover on Wednesday that started last month when it had ordered the takeover in favour of the energy company

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Photo for representational purpose

UK's Cairn Energy has secured a French court order to seize about 20 Indian government properties in Paris to recover a portion of $1.2 billion from India on the backdrop of the arbitration victory of the company, sources privy to the development said.

According to the people in the know and reports, French courts completed the legal process on Indian asset takeover on Wednesday that started last month when it had ordered the takeover in favour of the energy company.

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