MUMBAI – A bitter end to a battle to save Daewoo Motor India Ltd. now is in sight. And everyone connected with the Indian subsidiary will write off their losses as a result. A decision to split up and sell Daewoo India comes as a result of a law passed by the Indian parliament in late November, allowing lending institutions and bankers to seize and sell the assets of defaulting borrowers (see related story: Daewoo India Sinks in Financial Morass). The Mumbai Debt Recovery Tribunal has ...
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