Court Orders Sale of Zenith Infotech Cloud Business

By general
In Channel
December 17, 2013
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Larry Walsh / Channelnomics

A court in India has ordered the sale of Zenith Infotech’s cloud assets to repay more than $85 million in defaulted bonds. The decision comes after nearly two years of legal battles between the company and creditors, and recent layoffs of the firm’s U.S. staff.

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