TLT spearheads PNB action in UK courts

0
1263
TLT partner Paul Gair Nick Curling Claire KershawJack Harg Punjab National Bank (PNB) CMS Cameron McKenna Nabarro Olswang
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

TLT represented Punjab National Bank (International) when it recently defeated an application in the English courts challenging their jurisdiction to hear the bank’s claims in a case about the non-payment of loans totalling US$22 million.

Two defendants in the case – Pradeep Agrawal, who is domiciled in India, and Superior Industries, an Indian company – had argued that the test for permission to serve out of the UK had not been met.

Rejecting the defendants’ arguments, a high court in London on 23 June ordered the defendants to make an interim payment towards the bank’s costs of £70,000 (US$91,500).

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link