https://www.taxtmi.com/caselaws?id=274970 The High Court of Madras determined it lacked jurisdiction to entertain a suit against a UK-based bank. The court found that the cause of action did not arise within its jurisdiction, as key events and transactions occurred outside India. The second defendant's disclaimer of responsibility absolved them of liability for allegedly misleading information. Additionally, the doctrine of forum non-conveniens was applied, leading to the dismissal of the case due to the UK being a more appropriate forum. The suit against the second defendant was ultimately dismissed, emphasizing the lack of duty of care under the circumstances. en-us Tue, 25 Jun 1996 00:00:00 +0530 Wed, 12 Sep 2018 17:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274970 The High Court of Madras determined it lacked jurisdiction to entertain a suit against a UK-based bank. The court found that the cause of action did not arise within its jurisdiction, as key events and transactions occurred outside India. The second defendant's disclaimer of responsibility absolved them of liability for allegedly misleading information. Additionally, the doctrine of forum non-conveniens was applied, leading to the dismissal of the case due to the UK being a more appropriate forum. The suit against the second defendant was ultimately dismissed, emphasizing the lack of duty of care under the circumstances. Case-Laws Companies Law Tue, 25 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274970