Sanjeev Gupta’s InfraBuild hit with lawsuit alleging debt default

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sanjeev Gupta’s metals business in Australia faces a new threat as FitzWalter Capital sues InfraBuild for allegedly breaching financing terms, claiming a default and seeking repayment of bonds. The lawsuit adds to the challenges facing Gupta’s empire, with InfraBuild denying any default and Moody’s downgrading its credit rating.

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