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Battle for Swaraj Mazda goes to courts

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  • Published On: August 07, 2006
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The battle to control the board of Swaraj Mazda, one of the oldest JVs in the Indian auto sector, just got dragged to the courts. Punjab Tractors and private equity fund Actis have accused Japanese trading major Sumitomo Corporation of mismanagement and oppression of facts in the joint venture to the company law board - a tussle that has split the company over the last one year.
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