Suzlon’s auditor bets on potential investor to keep it going

An offer from a potential investor is critical for wind turbine maker Suzlon Energy Ltd. to repay lenders and continue as a going concern, its auditor Deloitte Haskins & Sells LLP said in a review report Wednesday.

The offer envisages infusion of additional equity in Suzlon and a waiver of some of the amount due to lenders and bond holders. Based on that, a one-time settlement has been proposed to lenders, the auditor said.

“Improvement of liquidity condition is contingent upon fructification of the offer,” Deloitte said. “Such events are not within the control of the group.”