Business
Application to break up Sanjeev Gupta’s Australian coal and steel businesses lodged in NSW court – ABC News
People of the steel-making town of Whyalla are facing fresh uncertainty amid a push by creditors to break up the Australian empire of British billionaire Sanjeev…
People of the steel-making town of Whyalla are facing fresh uncertainty amid a push by creditors to break up the Australian empire of British billionaire Sanjeev Gupta.
Key points:
- A claim has been filed to wind up Sanjeev Gupta’s Australian operations
- It comes after the collapse of major lender Greensill
- Last month, Mr Gupta conceded GFG had been too dependent on Greensill
An application was lodged in the NSW Supreme Court on Tuesday to wind up the operations of two companies, including OneSteel…
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