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Bank Of Baroda: Indian banks win UK High Court challenge over unpaid loans by Singapore's GVK, ET EnergyWorld

Judge Dame Clare Moulder presided over the trial last month at the Commercial Court division to hear the case brought by the Bank of Baroda and others and in an approved judgment dated October 19 concluded the banks "made out their case to the requisite standard".
United Kingdom United Arab Emirates Andhra Pradesh City Of Ras Al Khaimah Ras Al Khaymah

Indian banks win UK High Court challenge over unpaid loans by Singapore's GVK

In a significant legal victory, six Indian banks have successfully won a court ruling in the London High Court against GVK Coal Developers (Singapore) Pte Ltd and associated entities. The total dues is estimated at $2 billion including interest. The case dates back to 2011 and 2014 when the banks provided loan facilities to GVK Coal Developers, which had become overdue.
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