Suzlon, which was once a mighty global player in the wind
energy space, has had a turbulent few years:
“Its turnaround is
a story of how lenders can work with their borrowers to help a company get back
on its feet while ensuring they recover their dues; a story of how a
well-meaning white knight with deep pockets can change the tide of fortune;
and, most importantly, of how a promoter can redeem himself by setting his ego
aside, putting the company’s interests before his own, and selling assets that
may have been the crown jewels of his business.”