JC Consultancy, a Delhi-based company, had moved court saying that Samsung owed the company USD 1.4 million. Couple of days back, the Supreme Court had asked Lee Kun Hee to appear in the Ghaziabad Court in the next six weeks.
The recent Supreme Court direction to Samsung chairman Lee Kun Hee has led to many red flags being raised within the Commerce Ministry which is responsible for attracting investments into India. Top executives of the company met officials in Udyog Bhawan to find a way out of the crisis while commerce minister Anand Sharma said that the summoning the chairman may hamper South Korean investments into India.
Also read: SC asks Samsung chief to surrender in 6 weeks
ADS BY GOOGLE
video of the day
Market technically overbought; paper supply to weigh: Dutt