Once more, Hitachi’s authorized staff were refused a replica with the ‘Govt Directive’ and only permitted to glimpse at it visually with no getting any notes. 

But a transparent image emerges in the unusually detailed winding up petition submitted by Hitachi, seen by DNA, where by Hitachi chronologically lists a series of steps by Ivan and his leadership staff more than a 15-thirty day period time period that is sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

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The ecosystem chief goes on to mention, “The Petition is very detrimental on the management group who've read this a duty to elucidate on their own.

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"It would appear which the current incidents might be induced by some social gathering which wants to forestall the delisting from going on, and in addition to take pleasure in the share price tumbling," recommended the supply.  

As of publishing of this informative article, Ivan has not responded to DNA queries to get his side on the story.

“Primarily the business is winding down. There plenty of people who are concerned While using the uncertainty. Given their competencies as well as their profile, most would've no situation getting a occupation quickly, that’s my guess,” stated the worker.

He went on to include, “It is completely nonsensical to condition that there is a so termed authorities directive to withhold details from foreign nationals and that this applies to foreigners who are around the board. There is no these matter and it can be just an excuse to withhold data with the Board.”

But this request through the homeowners of the business and its appointed administrators and audit committee was denied by Ivan, all to the pretext of some “govt directive” that prevented him from sharing fiscal facts sought by Hitachi in an organization they owned, a hundred%.

"He signed an irrevocable declaration to vote in favour of the delisting," explained the supply, who declined to generally be title a result of the sensitivity of the data.