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Indian banks pursue unpaid loans by Singapore's GVK in UK court
Credit: IndiaTimes- Published on October 10, 2023
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...