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/kKM3ySr
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