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What 6 Indian banks vs Singapore's GVK unpaid loans case in London high court is all about - Vimarsana News

What 6 Indian banks vs Singapore's GVK unpaid loans case in London high court is all about

Published: October 15, 2023

GVK group's GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks' knowledge.

Source: moneycontrol.com
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City OfUnited KingdomGautam BhattacharyyaNorton RoseKartik NayarAkshay SevakJustice Suresh GupteReed SmithJustice Vikramjit SenKrishnakumar RamasubramanianJustice CockerillKarishma VoraNorton Rose FulbrightJustice GupteSupreme CourtAxis BankCanara BankBombay High CourtCoal DevelopersIndian Overseas BankMonstera ProductionDame ClareInfrastructure LimitedBombay HighDame Clare Moulder
Coal Biz Fights $1.7B Loan Suit Over Scuttled Aussie Project - Vimarsana News

Coal Biz Fights $1.7B Loan Suit Over Scuttled Aussie Project

Published: July 12, 2022

Energy and transport conglomerate GVK has hit back at a lawsuit brought by six major Indian banks seeking to collect more than $1.7 billion in loans, arguing that its difficulty in getting a lease for an Australian coal project should not trigger repayments.

Source: law360.com
Related Topics:
Silvia MartelliCoal DevelopersHigh Court