InvestorQ : Why has Tata Steel filed a case against Liberty Group?
prachi Patwardhan made post

Why has Tata Steel filed a case against Liberty Group?

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sara Kunju answered.
2 weeks ago
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Tata Steel filed a commercial court claim in UK against Sanjeev Gupta’s GFG Alliance, which owns Liberty Steel. In 2017, Liberty stepped in to purchase Tata’s Speciality Steels business in UK for £100 million. However, payments were missed causing this legal wrangle. Interestingly, GFG is backed by Greensill Capital, which recently went bankrupt.

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