Reed Smith Secures US$2.2bn Judgment for Six Indian Banks in Loan Default Dispute
November 04, 2023
November 04, 2023
LONDON, England, Nov. 4 -- Reed Smith, a law firm, issued the following news release:
Global law firm Reed Smith has successfully represented a consortium of six Indian banks in their claim against GVK Coal Developers (Singapore) PTE Ltd (GVK) and other companies in the GVK group for unpaid loans amounting to approximately US$2.2bn.
The dispute arose when GVK defaulted on its loan repayments, breaching its payment obligations to the consortium. The banks represented by . . .
Global law firm Reed Smith has successfully represented a consortium of six Indian banks in their claim against GVK Coal Developers (Singapore) PTE Ltd (GVK) and other companies in the GVK group for unpaid loans amounting to approximately US$2.2bn.
The dispute arose when GVK defaulted on its loan repayments, breaching its payment obligations to the consortium. The banks represented by . . .