Gensol Faces Insolvency Proceedings Over ₹510 Crore Default to IREDA

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…