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).
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