Vestas sues two Indian companies over unpaid debts

Also initiates an ICC arbitrational procedure in India.

Danish wind turbine manufacturer Vestas Wind Systems A/S, the world’s largest maker of wind turbines, has begun court proceedings in India against RRB Energy and ECO RRB to reclaim unpaid debts.

Vestas filed two lawsuits at the High Court of New Delhi against RRB Energy for payment of old debt that RRB Energy has refused to pay. The total amount in question is some US$37 million, with old unpaid debt accounting for US$7.7 million.