Global Lenders Avoid Clash With Fis On Dabhol Issue

The consortium of global lenders to the Dabhol Power Company (DPC) has decided not to permit the company to issue a final termination notice to the Maharashtra State Electricity Board (MSEB). At their recent meeting in London, international lenders chose to avoid a head-on collision with the Indian judiciary and the domestic institutions.

The decision could be the second positive move