Response from Ministry of Finance on reports relating to freezing of Indian assets in France



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The Ministry of Finance has responded to reports suggesting that Cairn Energy has frozen Indian state-owned property in Paris. The Indian government states it has not received any official notice from French courts and is working to verify the situation. India has initiated legal proceedings to challenge the international arbitral award and is committed to defending its interests. Discussions with Cairn Energy are ongoing, and the government remains open to an amicable resolution within legal boundaries.

There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India has not received any notice, order or communication, in this regard, from any French Court. Government is trying to ascertain the facts, and whenever suc
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FAQ :

There are news reports that Cairn Energy has seized or frozen state-owned property of the Government of India in Paris.

No, the Government of India has not received any notice, order, or communication from any French Court regarding this matter.

The government is trying to ascertain the facts and will take appropriate legal remedies to protect India's interests once an order is received.

The Government of India filed an application on March 22, 2021, to set aside the December 2020 international arbitral award in The Hague Court of Appeal and will vigorously defend its case.

Yes, the CEO and representatives of Cairn Energy have approached the Government of India for discussions, and constructive talks have taken place.

Yes, the government remains open to an amicable solution to the dispute within the country's legal framework.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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