UK company 'succeeds in bid to freeze Indian state assets in Paris'

Edinburgh-based oil and gas exploration firm Cairn Energy, locked in a long-running dispute with the Indian government over a retrospective tax bill, announced on Thursday that a French tribunal had granted its application for a freeze of about 20 Indian state-owned properties in central Paris.

Reading articles is for subscribers only. Subscribe now.

UK oil firm Cairn Energy has gained the right to seize Indian state assets in France worth more than 20 million euros (£17m) as part of a long-running tax row, reports BBC News.