MUMBAI – Daewoo Motors India Ltd. has been trying to retrieve its assets from the court receiver in order to bypass auditors, lenders and creditors, but efforts to shift the battleground back to the boardroom have backfired. As the Feb. 12 date to auction off Daewoo India’s assets draws near, critical company issues have fallen to India’s government and the Indian and South Korean courts to decide. (see related story: Line Forms for Daewoo India Spoils) The problems started ...
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