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The case involves a dispute between Vysya Bank and Bank of Baroda regarding a letter of credit issued for a transaction in After legal proceedings in London a decree was
...passed in in favor of the Bank of Baroda Vysya Bank attempted to settle by placing an inter-bank deposit in In ING Vysya Bank filed a petition before the Debt Recovery Tribunal Bank of Baroda filed an execution petition in years after the London decree leading to a legal dispute over the timeliness of the petition The main issue is the limitation period for executing a foreign decree