Free press releases distribution network?

More news: Energy
Agency / Source: Vestas Wind Systems A/S

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Vestas Takes Legal Steps Against the Indian Companies RRB Energy and ECO RRB for Approximately EUR 24m* - In reference to company announcements of 24 May 2013 and 2 October 2012, Vestas has initiated court proceedings in India against the two companies RRB Energy and ECO RRB - Vestas.com
Vestas Takes Legal Steps Against the Indian Companies RRB Energy and ECO RRB for Approximately EUR 24m*

 

PRZOOM - /newswire/ - Aarhus N, Denmark, 2013/07/26 - In reference to company announcements of 24 May 2013 and 2 October 2012, Vestas has initiated court proceedings in India against the two companies RRB Energy and ECO RRB - Vestas.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Vestas has filed two lawsuits at the High Court of New Delhi against RRB Energy and ECO RRB to seek recovery of the amounts that RRB Energy and ECO RRB owe Vestas. In addition hereto, Vestas has in June initiated an ICC arbitrational procedure in India against RRB Energy, for payment of old debt, which RRB Energy has refused to pay. The total amount in question is approximately EUR 24m, whereof old unpaid debt accounts for approximately EUR 5m.

Vestas maintains the position as stated in company announcement of 24 May 2013 that the former Chief Financial Officer Henrik Nørremark will be held personally responsible for the losses that Vestas could incur as a result of his actions if not paid by the Indian companies. This refers only to the cancelled debt and the amount transferred to ECO RRB by Henrik Nørremark amounting to approximately EUR 19m.

”As stated on earlier occasions, Vestas (vestas.com) is determined to reclaim the money which has been transferred to ECO RRB by instruction of Henrik Nørremark without authorisation as well as the debt which was cancelled by Henrik Nørremark, inter alia, without there being any business-related explanation to it. Vestas would have preferred that repayment could have taken place without legal steps having to be initiated, but unfortunately that has not been possible,” says Group Senior Vice President Morten Albæk.

*Depending on exchange rate corresponding to actual amounts in Rupees.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Vestas Wind Systems A/S

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Vestas Takes Legal Steps Against the Indian Companies RRB Energy and ECO RRB for Approximately EUR 24m*

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Vestas | RRB Energy / ECO RRB
Contact: Michael Zarin - Vestas.com 
+45 4084 1526 mizar[.]vestas.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Vestas Wind Systems A/S securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Vestas Wind Systems A/S / Company Profile


Read Energy Most Recent Related Press Releases:

ENGIE Accelerates its Development in the Off-grid Energy Market by Joining Forces with Fenix, A Pioneer in Africa’s Solar Home System Market
Frost & Sullivan Recognizes Reactive Technologies as 2017 Company of the Year
Eva+ Project - Enel and IP Inaugurate Fast Recharge Station At IP Service Station in Cormano
Dainese, D-Air Lab and Enel Develop An Airbag to Protect Staff in the Workplace
Gas4Sea Selected by Statoil for LNG Bunkering in Rotterdam
GE and Atlas Renewable Energy Partner to Deliver More-Efficient Solar Farms in Brazil
Enel Sells Majority Stake in 1.7 GW of Renewables Plants in Mexico
Enel Signs 330 Million US Dollar Tax Equity Agreement for Thunder Ranch Wind Farm in the USA
Frost & Sullivan Recognizes REstore for its Leadership in Demand Side Management Solutions in North America
GE’s Fuel-Efficient Marine Technology Powers the World’s Largest Container Vessels by Maersk

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today