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Sanjeev Gupta in Board Tussle as Spat for Aluminum Firm Heats Up

  • Tycoon removed then reinstated on Belgian plant unit’s board
  • Lender AIP triggered administration of business to get repaid
Sanjeev Gupta
Sanjeev GuptaPhotographer: Brendon Thorne/Bloomberg

The board fight between industrialist Sanjeev Gupta and U.S. private equity group American Industrial Partners is heating up.

The executive, who was ousted from a Belgian aluminum plant unit earlier this month, has successfully battled in court to be appointed back to the board on July 14. It’s a temporary win for Gupta and buys him time to find a solution with creditors, who are trying to seize control of the asset.