Suzlon may escape NCLT route as lenders explore debt restructuring

Suzlon Energy, the country’s leading wind turbine maker, could escape insolvency as lenders to the company are exploring the option of debt restructuring. 

The Centre’s latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company. 

Suzlon has a debt of Rs 7,000 crore, and is scouting for new investors by paring promoter stake. Lenders to Suzlon are holding talks to explore ways in which it can help revive operations of the company through debt restructuring. 

They may choose not to take it to the bankruptcy court, a top public sector bank official told this paper.  State Bank