The Indian Renewable Energy Development Agency has filed an insolvency plea against Gensol Engineering for defaulting on a Rs 510 crore payment. The development came weeks after SEBI banned the company and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and…
Indian green energy financier IREDA files bankruptcy petition against Gensol Engineering over a ₹510 crore loan default amid fund misuse allegations. IREDA Files Bankruptcy Plea Against GensolIn a formal application submitted on 14 May 2025, IREDA sought to initiate corporate insolvency resolution proceedings against Gensol Engineering under Section 7 of India’s Insolvency and Bankruptcy Code…
Insolvency-related activity and business start-up rates fall in Yorkshire and Humber thestar.co.uk Read the original article here
New Delhi: The state-run Indian Renewable Energy Development Agency (Ireda) on Wednesday filed an insolvency application against Gensol Engineering Ltd for a default of ₹510 crore, according to an exchange filing by the clean energy-focused lender. The development comes nearly three weeks after Ireda filed a complaint with the Economic Offences Wing (EOW) of the…
Liquidator accused of being proxy for convicted tax fraudster BusinessDesk | NZ Read the original article here
State-owned Indian Renewable Energy Development Agency (Ireda) has filed an application seeking insolvency proceedings against embattled Gensol Engineering over a default of ₹510 crore, an exchange filing by Ireda shows. The Ireda’s plea has been filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). “With respect to M/s Gensol Engineering Limited, this is…
“In furtherance to our earlier letter dated 25.04.2025 with respect to M/s Gensol Engineering Limited, this is to inform you that the Company has filed an application today i.e. May 14, 2025 under Section 7 of Insolvency and Bankruptcy Code, 2016 against M/s Gensol Engineering Limited, listed company bearing CIN L74210GJ2012PLC129176 for an amount of…
IREDA had earlier complained to the Economic Offences Wing (EOW) in late April over alleged falsified documents and Gensol’s dilution of promoter holding without its approval. IREDA has then said that while Gensol’s account is currently under stress, it is not classified as a non-performing asset yet. Gensol has recently been hit by multiple other…
(The Center Square) – For many Pennsylvanians, medical debt is a huge yet unavoidable problem. Even with insurance, many find themselves unable to pay the deductibles and copays demanded from rising healthcare costs. According to Gov. Shapiro’s office, the commonwealth’s total balance of medical debt was over $1.8 billion in 2023, impacting 13% of the…
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