Bombay HC restrains Lloyds Bank, RBS to make demand against Axis Bank in F1 case
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Bombay HC restrains Lloyds Bank, RBS to make demand against Axis Bank in F1 case

By Maulik Vyas

  • 15 Dec 2016
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Bombay HC restrains Lloyds Bank, RBS to make demand against Axis Bank in F1 case
Credit: ThinkStock

The Bombay High Court has restrained two British lenders, Lloyds Bank and the Royal Bank of Scotland, from invoking any guarantee or making any demand against Axis Bank.The dispute is between the country’s third-largest private lender and motor racing franchisee Formula One World Championship Ltd (FOWCL), where the foreign banks ......

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