Delphi asks court to force investors to pay $2.6 bln

DETROIT, May 16 (Reuters) - Auto parts supplier Delphi Corp (DPHIQ.PK: Quote, Profile, Research, Stock Buzz) on Friday filed a legal complaint against an investor group led by Appaloosa Management L.P in an attempt to win a court order requiring them to provide $2.55 billion in equity and damages to the bankrupt company.

Last month, an investor group led by Appaloosa backed out of a $2.55-billion equity commitment to Delphi that had been intended to support the company's emergence from bankruptcy.

The decision by the investor group, which came amid a sharp downturn in U.S. auto sales and more risk-averse financial markets, was seen as delaying Delphi's emergence from Chapter 11 after two and a half years and raising the cost of the process for General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz), Delphi's former parent and largest customer.