Cairn claims order to attach 20 India properties in Paris

The Cairn Energy dispute with India over the settlement of a $1.2 billion award from The Hague, took a dramatic turn on Thursday, with the company saying it had secured a French court order allowing it to freeze at least 20 Indian properties in Central Paris.

The Government of India, however, denied all knowledge of the latest order. It said it had filed an appeal against the tribunal decision of the Permanant Court at The Hague delivered in December 2020.

“Government is trying to ascertain the facts, and whenever such an order is received, appropriate legal remedies will be taken, in consultation with its Counsels, to protect the interests of India,” a Finance Ministry statement said, stressing that no notice, order or communication had been received by the government from any French court.

judi slot online, daftar situs judi slot online terpercaya, game slot online, situs judi slot online, daftar situs judi slot online terpercaya 2020, situs slot online terbaik, casino slot online 888, situs slot online indonesia, nama nama situs judi slot online, situs slot online, online slot, daftar slot online, link slot online, slot game online indonesia, slot online indonesia, game slot online indonesia, slot online, slot jackpot online, judi online slot, judi slot online indonesia, judi mesin slot online, judi slot online android, slot judi online, agen slot online, games slot online, situs judi online slot, permainan slot online, bandar judi slot online, slot 88 online, agen judi slot online, judi slot online terpercaya, main slot online, game judi slot online, link judi slot online, bermain slot online, slot online 2021, daftar situs judi slot online, slot online casino

Earlier, a Cairn Energy spokesperson told The Hindu that the ball was in India’s court to stop the enforcement proceedings of assets.

“Our strong preference remains an agreed, amicable settlement with the Government of India to draw this matter to a close, and to that end we have submitted a detailed series of proposals to them since February this year,” the spokesperson said.

“However, in the absence of such a settlement, Cairn must take all necessary legal actions to protect the interests of its international shareholders,” the spokesperson added in a statement.

According to sources, the award by the Tribunal judiciaire de Paris was the “necessary preparatory step” to taking ownership of the properties and ensuring all proceeds from the sale of the properties would be accrued to Cairn Energy PLC as part of its efforts to enforce the award from The Hague in Cairns’ favour.

Related Posts

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

22,043FansLike
2,870FollowersFollow
0SubscribersSubscribe
spot_img

Recent Stories