Tag: Gensol engineering

DRT directs Gensol to maintain status quo on its secured assets, vehicles

DRT directs Gensol to maintain status quo on its secured assets, vehicles

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The Debts Recovery Tribunal (DRT), Delhi, has directed Gensol Engineering Ltd to maintain status quo with regards to its secured assets and vehicles in separate cases filed by state-run Indian Renewable Energy Development Agency Ltd (IREDA) and Power Finance Corporation. IREDA moved an original application before the DRT against Gensol Engineering seeking to recover over ₹510 crore. It […]

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NCLT to hear IREDA’s insolvency petition against Gensol on June 3

NCLT to hear IREDA’s insolvency petition against Gensol on June 3

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Gensol Engineering has been in the spotlight since April, when SEBI barred the company’s promoters from the securities market for alleged fund diversions and corporate governance lapses. Photo: X/@GensolGroup State-run Indian Renewable Energy Development Agency Ltd. (IREDA) on Friday (May 16, 2025) moved an insolvency petition against Gensol Engineering Ltd before the National Company Law Tribunal […]

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