No communication received: Govt on reports of Cairn Energy freezing Paris assets

The finance ministry said in a statement that the government has received no communication from any court on permitting Cairn Energy to seize Indian state-owned assets in Paris.

The government has said that it has received no communication or notice from any French court regarding approval to Britain’s Cairn Energy Plc to seize 20 state-owned properties in Paris. The statement was issued by the Ministry of Finance after reports indicated that Cairn Energy had initiated a process to seize at least 20 government-owned assets after securing permission from a French court.