In the end, as mentioned by Hitachi in its winding up papers, Fusionex was “potentially inside the zone of insolvency” and “not able to continue carrying on its small business in its current condition.”  The winding up petition towards the Fusionex Group of firms remain pending prior to the court docket and Along with the Courtroom hearing

Hitachi explained this as “stunning” as the customers with the Audit Committee were being also directors of Fusiotech and must have unrestricted entry to its fiscal information. Suspicious transactions pertaining to V-Circle and Convedge for ‘software package advancement charges’ and/or ‘technological know-how service fees’Northwest

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