New Delhi, 8 July: Regarding news reports that Cairn Energy has seized/ frozen State-owned property of the government of India in Paris, the Union finance ministry said the govt of India has not received any notice, order or communication in this connection from any French court.
The 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, said a press release from the union finance ministry. Britain’s Cairn Energy Secures French Court Order to Seize 20 Indian Govt Properties to ... - Latest Tweet by Press Trust of India.
The government has already filed an application on March 22 this year to set aside the December 2020 international arbitral award in The Hague Court of Appeal. The government of India will defend its case in the set-aside proceedings at The Hague, the release added.
It is also stated that the CEO and the representatives of Cairns have approached the government of India for discussions to resolve the matter. Constructive discussions have been held and the government remains open for an amicable solution to the dispute within the country's legal framework, the release said.
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)













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