INDIA: Debt recovery tribunal puts Daewoo operation put up for sale
Daewoo Motor India (DMIL) was put up for sale on Friday by a debt recovery tribunal in Mumbai (once known as Bombay) which invited bids from prospective buyers. The company, which entered India in the mid 1990s, owes debts of more than Rs 1000 crore to three financial institutions, and NDTV report said.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable