Outcome of board meeting of Hero MotoCorp
Held on 03 August 2015
Hero MotoCorp announced that the Board of Directors of the Company at its meeting held on 03 August 2015, has accorded its consent for the Company to become a direct party to the settlement agreement which was executed on 27 July 2015 amongst HMCL (NA), Inc., HMCL Americas, Inc. and the receiver appointed by the Court for the County of Walworth, Wisconsin, U.S.A. ("Circuit Court") in the matter of Assignment for Benefit of Creditors under Chapter 128 of the Wisconsin Statutes filed by the Erik Buell Racing, Inc. and Erik Buell LLC. As informed earlier, the Settlement Agreement will be, inter alia, contingent upon its approval by the Circuit Court.Powered by Capital Market - Live News