Cairn Energy freezes 20 Indian state-owned properties in Paris: Reports

Scottish oil producer's action is its latest attempt to force India to pay $1.7bn awarded by an international tribunal over a tax dispute.

Cairn Energy says it has freezed Indian state-owned properties in Paris, marking an escalation of the fight between the Scottish oil producer and the Indian government, London’s Financial Times reported.

Cairn’s action by is the latest attempt to force India to pay $1.7bn awarded by an international tribunal over a tax dispute. Its asset freeze application in Paris is the first to succeed. The company said it would effectively transfer the ownership of 20 properties valued at more than €20m, including in the 16th and 14th arrondissements. Financial Times said it had seen official documents that confirmed a French court