Six Indian banks are pursuing a trial in the High Court of London against GVK Coal Developers (Singapore) and associated companies for unpaid loans amounting to around $2 billion. The case dates back to 2011 and 2014 when loan facilities were provided to the company, which the banks claim are long overdue. The trial, which began on Tuesday, will last for two weeks. GVK was only represented by an Indian advocate after reportedly disengaging their UK legal firm before the trial.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fZ7RqX5
Subscribe to:
Post Comments (Atom)
Report: 93% Indian executives see rise in cyber budget next year
from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...
-
A woman, in her early 20s, was stabbed to death by a man in southeast Delhi's Bhogal area on Friday evening, following which the accused...
-
Collecting Lego — yes, the plastic toys made of interlocking bricks that become cars and castles and robots —returned more than large stocks...
-
The Delhi High Court on Thursday dismissed the pleas of TTV Dhinakaran and VK Sasikala challenging the Election Commission's order grant...
No comments:
Post a Comment