Cairn Energy has seized several assets of the Indian government to recover its 1.8 billion arrears from India. , Bank
Cairn Energy is occupying Indian property in France, but why? Global New News Desk - Cairn Energy is occupying Indian property in France, but why? Air India is the property of India. Cairn Energy, a UK-based gas and energy company, has seized a number of Indian government assets to recover its 1.6 billion arrears from India. British oil company Cairn Energy has confiscated 20 properties of the Indian government in France for non-payment of oil tax arrears. A report in the London Financial Times made such a claim. According to the report, on June 11, a French court ordered Cairn Energy to confiscate Indian government property. Cairn confiscated the property shortly after the legal process was completed on Wednesday. Delhi also appealed In December last year, the International Arbitration Tribunal of the Netherlands directed the Indian government to repay 162.5 million (about Rs 12,600 crore) in interest and costs to Cairn Energy in its arrears tax case. Against which Delhi als