New DelhiBritain’s Cairn Energy has secured an order from a French court to confiscate 20 Indian government assets to recover damages worth USD 1.7 billion. But in this context, the Ministry of Finance said that the Government of India has not received any such notice or order from any French court in this regard. The government is trying to find out the facts. The ministry also said that whenever any such notice or order is received, appropriate legal measures will be taken.
According to reports, on June 11, a French court ordered Cairn Energy to acquire properties of the Indian government, mostly flats. The legal process in this regard was completed on Wednesday evening. Three people directly involved in the matter said that most of these properties are flats, valued at over 20 million euros, and are used by the Indian government in France.
The French court, the Tribunal Judissier de Paris, on June 11, on Cairn’s application (via judicial mortgage), ordered the confiscation of Indian government-owned residential real estate located in central Paris. While Cairn is unlikely to evict Indian officials residing in these properties, the government cannot sell them after a court order.
read this also-
No Muslim face has any place in the expansion-reshuffle of Modi cabinet, only Naqvi Muslim face in the team
Twitter told Delhi High Court – will appoint grievance officer within 8 weeks