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The present case arose out of a cross-border lending transaction involving Bank of India, Firestar Diamond FZE and Nirav Modi. United Kingdom High Court examined whether alleged non-compliance with India’s foreign exchange regulatory framework could defeat enforcement of a personal guarantee governed by Indian law.
Kapil Wadhawan had executed a joint deed of personal guarantee to secure the credit facilities extended to erstwhile Dewan Housing Finance Corporation Ltd., not exceeding INR. 50,656.84 Crores.
National Company Law Tribunal, Mumbai: Coram of H.V. Subba Rao, Judicial Member and Chandra Bhan Singh, Technical Member dismissed an interlocutory application filed
National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)