Cairn Energy may try to seize the cash after an arbitration ruling in a tax dispute

State-run banks have been asked to withdraw funds from their foreign currency accounts abroad

Reuters New Delhi Published 08.05.21, 01:08 AM

Cairn was awarded damages of more than $1.2 billion plus interest and costs in December in a long drawnout tussle with the Indian government over its retrospective tax claims. Shutterstock

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Cairn Energy may try to seize the cash after an arbitration ruling in a tax dispute

State-run banks have been asked to withdraw funds from their foreign currency accounts abroad

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