The
decision
adds
to
the
Indian
company’s
short-term
financial
problems
and
follows
news
that
it
is
pursuing
legal
action
in
New
York
to
make
sure
it
receives
a
much-needed
$208m
payment
from
troubled
developer
Edison
Mission.
But
it
is
too
early
to
push
the
panic
button.
Suzlon
is
in
a
position
to
play
hardball
with
the
FCCB
holders,
and
will
do
so
if
it
has
to.
Industry
sources
point
out
that
the
FCCB
debt
is
unsecured,
and
that
if
the
company
is
pushed
into
a
“doomsday”
Log in to read complete article.
