Tata Steel takes Liberty Steel to court in UK over missed payments
Tata Steel takes Liberty Steel to court in UK over missed payments
Indian steel major Tata Steel has filed a commercial court claim in the UK against British Indian steel tycoon Sanjeev Gupta led GFG Alliance, which owns Liberty Steel, over alleged missed payments from an acquisition dating back to 2017.
Liberty Steel had stepped in to acquire Tata s Speciality Steels business employing more than 1,700 people in Yorkshire, Lancashire and the West Midlands in an estimated 100 million pounds deal, which Tata Steel announced as complete in May 2017.
Now, it has emerged that payments have been missed in that transaction resulting in Tata launching proceedings against Liberty Speciality Steels, Liberty House Group PTE and Speciality Steel UK - all parts of GFG Alliance, The Daily Telegraph first reported.
Tata Steel dragged Liberty Steel to court for non payment - टाटा स्टील ने भुगतान नहीं करने को लेकर लिबर्टी स्टील को कोर्ट में घसीटा
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टाटा स्टील ने भुगतान नहीं करने को लेकर लिबर्टी स्टील को अदालत में घसीटा
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