<div>Wind turbine maker Suzlon Energy Ltd, which last month defaulted on a $200 million convertible bond redemption, has been admitted to India's corporate debt restructuring process, sources with direct knowledge of the situation said on 27 November.<br /><br />Suzlon's secured domestic debt totalling Rs 11,000 crore and due in five and six years will be restructured, with a two-year moratorium on interest and principal repayment, after which it will be repaid over eight years at a lower rate, one of the sources said. The restructuring does not apply to its overseas bonds. Suzlon declined to comment.<br /><br /><a href="http://www.businessworld.in/web/guest/magazine?datec=2012-November-03&imageId=600976" target="_blank">Read: Clean Power: The Promise, Pain</a><br /><br /><a href="http://www.businessworld.in/tagpage?tag=297671" target="_blank">Read more about Suzlon Energy</a><br /><br />(Reuters) </div>
