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But a transparent picture emerges from your unusually specific winding up petition filed by Hitachi, seen by DNA, where Hitachi chronologically lists a number of actions by Ivan and his leadership crew around a fifteen-month period of time that may be sweeping and breathtaking in scope, outlining flimsy excuses, non transparency and non-cooperation

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This time they stated the Fusionex Group wanted the US$a hundred million to US£a hundred and fifty million funding to reinforce its R&D. No point out was fabricated from needing The cash to stabilise the team.The Court has also tasked the interim liquidators of your Fusionex Group of organizations to problem a report over the status of your compan

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Suspicious transactions pertaining to V-Circle and Convedge for ‘program growth expenditures’ and/or ‘technological know-how costs’Groundbreaking technologies have normally played a pivotal function in shaping the trajectory of industries, and also the automotive sector isn't any exception. In a very realm where the technology of Power for

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Many expressed shock and disbelief that not simply Ivan, but users of his leadership workforce could behave in these types of an unprofessional, unethical and irresponsible method. “If This is often correct, And that i honestly come across it difficult to believe that, then they've got opened themselves to legal action from Hitachi and in many ca

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“For a couple of months, I navigated the waters, acquiring techniques to guarantee our techniques and concepts could be approved available in the market – which they weren’t, Incidentally. That was distressing. Persons preferred a reputation. But bit by bit, we began to attain traction and received our initially couple breakthroughs following

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