Mumbai, April 22 -- 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.

Published by HT Digital Content Services with permission from Capital Market....