Baron refuses to budge on TCL's Indian arm

The Kabir Mulchandani-promoted Baron International has told the government that it will not issue a no-objection certificate to its Chinese consumer electronics partner, TCL Electronics, for setting up a new company in India, till the legal issues between them are resolved.

In a letter written to the Foreign Investment Promotion Board (FIPB), Baron Chairperson Sha- kun Mulchandani said since the company