French court allows Cairn to seize 20 Indian govt properties in Paris

Assets are worth more than 20 million euros; FinMIn says no communication received in the matter Cairn is also eyeing assets in US, UK, Canada, Singapore, Mauritius and Holland

Armed with a judicial order upholding its case, London-listed Cairn Energy PLC has identified high-value assets of the Indian government in the US, the UK, Canada, Singapore, Mauritius, France, and the Netherlands for enforcing an arbitration award that went against India.

Cairn has got a favourable order from a French tribunal for seizing 20 properties -- valued at more than 20 million euros -- of the Indian government in that country.

The Union government will contest the French court order.

Tribunal judiciaire de Paris ordered freezing (through judicial mortgages) residential real estate owned by the government in central Paris. A company spokesperson said