17 Jul '17, 11am

Inox Wind moves to reassure on solvency after creditor action - Recharge (subscription)

Inox Wind moves to reassure on solvency after creditor action India’s Inox Wind moved to reassure investors that it remains “fundamentally solvent” after reports in the country’s media questioned its financial position. Inox Wind – whose shares were trading 5% lower on the stock market late in Mumbai today – issued a statement on Friday after it became the subject of insolvency proceedings by a creditor. The wind turbine OEM said it has asked India’s National Company Law Appellate Tribunal to quash those proceedings, adding that it has already settled

Full article: http://www.rechargenews.com/wind/1309280/inox-wind-moves-...

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