September 12, 2017 / 2:29 AM / a year ago

BRIEF-Ricoh says response to petition filed by vendor of overseas affiliate to initiate insolvency solution process

Sept 12 (Reuters) - Ricoh Co Ltd

* Says Fourth Dimension Solutions(FDS) as a creditor of unit Ricoh India, filed a petition with the National Company Law Tribunal to initiate insolvency solution process under the Insolvency and Bankruptcy Code of India

* Says FDS’s claim against Ricoh India is based on the alleged non-payment of a disputed debit note which FDS unilaterally raised as alleged damages for a contract determination

* Says Ricoh India does not agree with these claims filed by the FDS and is pursuing the matter through legal representation

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Further company coverage: (Beijing Headline News)

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