Briefly Business: Slim chance for settlement with Perdaman: Lanco
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Slim chance for settlement with Perdaman: Lanco
New Delhi: Lanco Infratech has said there is no "great possibility" of an out-of-court settlement in the AUD 3.5 billion legal battle with Australia's Perdaman Industries. Perdaman last year had filed AUD 3.5 billion lawsuit against Lanco, alleging non-compliance with fuel supply pact by Griffin Coal for its upcoming urea plant in Western Australia.
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