New Delhi: Britain Cairn Energy PLC has secured the French trial order to seize around 20 Indian government properties in France to restore a number of $ 1.7 billion Awards, said the source on Thursday.
On June 11, the French court had ordered the Trustee of the Indian property in Cairn, mostly consisting of flat; And the legal process is completed on Wednesday night.
The arbitration panel in December ordered the Indian government to return $ 1.2 billion plus flowers and penalties against Cairn energy after reversing retrospective tax demand.
With the Indian government did not honor the award, Cairn Energy had moved to various jurisdictions abroad to restore the maturity with the assets of Indian government.
Cairn Energy secured the French trial order to seize 20 Indian government properties
