Auto Co. Withheld Info During Loan Fight, Fund Says

Law360, London (April 6, 2021, 4:46 PM BST) -- A Southeast Asian auto parts manufacturer withheld key information from professional consultants valuing a business partner based in Britain, reducing its value as collateral for a loan, an Indian investment company has told a London court.

Singapore-based Aapico Investment Pte. Ltd. and Aapico Hitech Public Co. Ltd. — a manufacturing company listed in Thailand — failed to disclose financial information to FTI Consulting LLP or allow its independent experts to interview key staff members for a valuation analysis, lawyers for ABT Investments (India) Private Ltd. alleged.

ABT, an Indian investment company, is suing Aapico at the High Court to recover a subsidiary seized as...

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