Court receiver takes over Daewoo India's car plant

Newswire

NEW DELHI, May 20 (Reuters) - An Indian court receiver has seized the assets of bankrupt carmaker Daewoo Motors India Ltd , an official at one of the creditor banks told Reuters on Tuesday. The court in March directed the receiver to take possession of the assets to prevent any damage or pilferage because management assigned by the court to maintain the closed plant had abandoned it, the official said. The receiver is trying to sell the assets in six parts to repay creditors after the ...

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