Gupta ‘has reached the end of the road’ on $300m debt, court told

London | British industrialist Sanjeev Gupta, owner of the Whyalla steelworks and other Australian businesses, has “reached the end of the road” in his three-year struggle with a group of creditors seeking almost $US200 million ($300 million), a UK court has heard.

A judge in the English high court put a January 13 deadline on Liberty Commodities, one of Mr Gupta’s network of companies, to wrap up its drawn-out talks on a debt repayment deal with San Francisco-headquartered investment firm White Oak Global Advisors.