FinMin asks PSU banks to keep high vigil on any attempt to seize funds by Cairn

Cash of Indian banks lying in nations such as the US and the UK are said to be easy target for seizing and enforcing the arbitration award. To guard against such cash being taken over, the finance ministry has asked PSBs to be extra vigilant and immediately report back any attempt Cairn makes to legally attach the deposits, two sources aware of the matter said.

from Energy-Industry-Economic Times https://ift.tt/2SAVNrD