<h1>India Denies Media Claims of Instructing Banks to Withdraw Foreign Funds Amid Cairn Legal Dispute; Seeks Amicable Resolution.</h1> The Government of India has condemned false media reports claiming it instructed state-owned banks to withdraw funds from foreign currency accounts due to the Cairn legal dispute. These reports, deemed misleading and based on unnamed sources, misrepresent the situation. India is actively defending its position by seeking to overturn a December 2020 arbitral award at The Hague Court of Appeal, arguing that the tribunal improperly exercised jurisdiction and that Cairn's tax avoidance scheme violates Indian laws. The government remains open to resolving the dispute amicably within its legal framework, following discussions with Cairn's representatives.