Can IREDA pursue remedies against Gensol parallelly under IBC and DRT?
State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has moved both National Company Law Tribunal (NCLT) under the provisions of Insolvency and Bankruptcy Code (IBC) and the Debt Recovery Tribunal for recovery of its dues of ₹729 crore from Gensol Engineering Ltd and its arm, Gensol EV Lease Pvt Ltd. | Photo Credit: Special arrangement […]
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