1. Tops Security Limited, Tops Electronic System Ltd. and Dr. Rahul Randhir Nanda, all giving their address as that of Mumbai, instituted this suit against, (i) Punjab National Bank (International) Limited (defendant no.1), a banking company incorporated in United Kingdom and wholly owned subsidiary company of Punjab National Bank, India; (ii) The Shield Guarding Company Limited, London (defendant no.2), (iii) Topsgrup Security U.K. Limited, UK (defendant no.3) and (iv) Topsgrup Security Holding BV, Netherlands (defendant no.4), pleading:-

(i) that the plaintiffs are the alleged guarantors for the loan facility granted by defendant No.1 to defendant No.2;

(ii) that the defendants No. 3 and 4 are the other alleged guarantors for the same loan facility;

(iii) that the plaintiffs No. 1 and 2 and defendants No.2 to 4 are group companies;

(iv) that the plaintiffs No. 1 and 2 are incorporated under the Companies Act, 1956 and having their registered office at Mumbai;

(v) that the plaintiff No.3 is a majority shareholder and promoter of plaintiff No.1 and a Director on the Board of plaintiff No.2;

(vi) that the defendant No.1, on request of the defendant No.2, on 21st November, 2012,