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As on : 22-Apr-2026
Corporate News
22-Apr-2026     13:56

SWSOLAR's step down subsidiary in US settles legal dispute

Sterling & Wilson Renewable Energy announced that with respect to the proceedings related to encashment of a bond by Sterling and Wilson Solar Solutions Inc. (wholly owned step-down subsidiary of the Company) against Fidelity and Deposit Company of Maryland and Zurich American Insurance Company, the parties have entered into a settlement agreement to release and discharge each other from all the claims and counter claims. Accordingly, the parties have filed a motion for dismissal and the United States District Court, Eastern District of Washington (Court) has passed an order of dismissal of the legal proceedings.

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