Sanjeev Gupta’s GFG faces insolvency fight after Credit Suisse ends debt talks
by Jasper Jolly from World news | The Guardian on (#5Z28E)
Companies in metals empire owe the Swiss investment bank more than $1bn
Sanjeev 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.
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