CPC is likely to appeal against the ruling in London. The other two foreign banks payments to which have been withheld are also contesting. A ruling on the arbitration action in Singapore sought by Citi, whose due is estimated to be $ 200 million, is slated for late July whilst Deutsche Bank which has $ 60 million claim, is likely to see its arbitration action in Washington to start in September. The two local banks involved in the scheme Commercial Bank and People's Bank haven't filed any action as yet. The Standard Chartered Bank case was heard in late March to mid-April with a host of public and private sector officials being flown to London at CPC expense. Before the case came up analysts said stakes were high for both parties but neither wanted to give in based on their firm beliefs. The case was filed by Standard Chartered Bank UK after the head office took over the liability out of Colombo Branch.