A UK high court judge has ruled two Indian cash buyers can be pursued over bank debts.
Christopher Hancock QC, sitting as a judge, said Punjab National Bank (PNB) had been trying to recover $18.5m plus interest from defendants Boris Shipping, registered in the Marshall Islands, and Jarc Shipping, registered in St Vincent and the Grenadines.
Also named in the action are six members of the Jain family as guarantors: two married couples and two sons.
