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Cairn case: French court orders govt’s Paris properties frozen

Tribunal judiciaire de Paris’s ruling based on Cairn Energy’s application will impact some 20 properties, valued at more than 20 million euros (Rs 177 crore), as part of a guarantee of the debt owed to the British company that exited India a few years ago. Some of the properties are in the 16th Arrondissement of Paris, which is one of the wealthiest areas in the city.

from Stocks-Markets-Economic Times
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