Question
Which public sector bank has launched “Foreign
Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries/Joint Ventures” at its branch in Gujarat International Finance Tec-City (GIFT City)?Solution
Bank of Baroda has launched “Foreign Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries/Joint Ventures” at its branch in Gujarat International Finance Tec-City (GIFT City). Under the new loan scheme, financial support to Overseas Subsidiaries/Joint Ventures of Indian corporates by leveraging their INR deposits, helping Indian companies meet the cash flow requirements for their international operations will be provided.
Lee v. Lee’s Air Farming Ltd. established that:Â
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Specific performance of a contract cannot be enforced in favour of a person:
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