16 December 2016
Bank of Baroda, GCC Operations and others v Nawany Marine Shipping FZE and others [2016] EWHC 3089 (Comm), [2016] All ER (D) 28 (Dec)
The Queen’s Bench Division, in dismissing the defendants’ application for the court to decline jurisdiction, held that it had jurisdiction to entertain a claim brought by the claimants as lenders against the defendant borrowers and guarantors pursuant to facility agreements and guarantees. The court held that the enforcement proceedings which had been lodged in India were not substantive debt proceedings and therefore, were not parallel to the present proceedings lodged in the English court.
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