New Delhi : Baharin’s telecom firm Batelco has said it will continue to seek USD 212 million from its former partner C Sivasankaran for the failed Indian venture despite his bankruptcy. On August 26, Sivasankaran – Chairman of Siva Ltd – was declared bankrupt by the Supreme Court of the Seychelles.
“Sivasankaran’s bankruptcy will not thwart our determination to recover the substantial monies that he owes us,” Batelco Group CEO Alan Whelan said. Sivasankaran sold 42.7% stake in the now-defunct mobile services provider in India, S Tel to Batelco in 2009.
