GE has moved the Supreme Court in a bid to stall a move by local partner KPP Nambiar, backed by PE funds, to buy its majority stake in a joint venture company, GE Thermometrics, a manufacturer of high-end semiconductor sensors. GE has sought a reversal of the Karnataka High Court order that allowed both partners to make a one-time sealed bid to buy each others' stake as the relationship between the two had soured.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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