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Will seize Indian assets abroad, if India govt doesn't respect tribunal award of $1.2 billion: Cairn Energy

Updated : January 28, 2021 09:17 PM IST

Cairn Energy has said it will move to seize Indian assets abroad, if the Indian government does not respect the international tribunal award of $1.2 billion plus interests and costs, reports CNBC-TV18's Parikshit Luthra.

The tribunal had ruled in December that the Indian government was in breach of the UK-India Bilateral Investment Treaty for its retrospective tax investigation in 2014 and owed damages to Cairn.

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