Business Bottomline: Lessons for investors from HOEC’s legal wrangle Updated : September 06, 2020 03:50 PM IST The hullabaloo around the contingent liabilities of HOEC seems more a smokescreen than anything else. The current spat has less to do with contingent liabilities and more to do with a more deep-rooted rivalry. The spat highlights contingent liabilities and the risks of investing in highly regulated sectors, besides shining the light on a deep corporate rivalry. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.