Sanjeev Gupta’s GFG faces insolvency fight after Credit Suisse ends debt talks
about 3 years in The guardian
Companies in metals empire owe the Swiss investment bank more than $1bnSanjeev Gupta’s GFG Alliance faces a fight against insolvency for some of its key companies after Credit Suisse withdrew from a long negotiation over debts.GFG will face an insolvency hearing in private on Tuesday, after more than a year of trying to hold off its creditors and find a source of new funding after the collapse of its main lender, Greensill Capital. Continue reading...