By Neena Bhandari
Sydney, 27.09.2016 (Business Standard): Indian industrialist couple, Pankaj and Radhika Oswal, have left Australia perhaps never to return, after settling a multi-billion-dollar legal stoush with one of Australia’s leading banks, the Australia and New Zealand [ANZ] Banking Group.
The commercial settlement, the terms of which are confidential, reached on September 22 resolves the A$2.5 billion claim made by the Oswals against ANZ over a dispute about the receivership and sale of Burrup Fertilisers Pty Ltd, a subsidiary of Burrup Holdings Limited, in 2010.