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…
Issue of Debt Business Wire Read the original article here
(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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If you’re carrying a high balance on your credit cards, there are a few strategies you can use to try and lower it now. Getty Images After reaching a historic peak in the last quarter of 2024, credit card balances are finally showing signs of improvement across the nation. Credit card balances fell to $1.18…
IREDA Files Insolvency Application Against Gensol Engineering Ltd for ₹510 Crore Default CNBC TV18 Read the original article here
Bankruptcy, insolvency & corporate restructuring | Deloitte | Legal Services | Solutions | Services Link opens in a new tab opens in new window Please enable… Read the original article here