The tribunal also asked the IRP to file periodical progress reports on the CIRP. The National Company Law Tribunal (NCLT) has ordered the commencement of insolvency proceedings against Gensol Engineering Ltd and its group company Gensol EV Lease, following petitions filed by the Indian Renewable Energy Development Agency (IREDA), PTI reports. In its order issued…
Updated Jun 14, 2025 07:33 IST Gensol Engineering, Gensol EV to face insolvency proceedings; know what NCLT said (Pic: Shutterstock/ ET NOW) The order came after NCLT admitted the petitions filed by the Indian Renewable Energy Development Agency ( IREDA ). The Ahmedabad bench of NCLT also appointed interim resolution professionals for both debt-ridden companies…
Student loan debt relief scams rise as repayment resumes KLAS 8 News Now Read the original article here
In a significant development in the corporate insolvency proceedings of Jagatjit Cotton Textile Mills (JCT) Ltd, Insolvency professional Hasti Mal Kachhara officially assumed charge of the company’s affairs on Friday at its Phagwara premises. Appointed by the National Company Law Tribunal (NCLT), Mr. Kachhara arrived with his resolution team, marking the formal start of efforts…
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP Deccan Herald Read the original article here
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition against Gensol Engineering Limited filed by state-owned lender Indian Renewable Energy Development Agency Limited (IREDA). The petition cites a massive default of ₹510.10 Crore on loan facilities extended for various solar and electric vehicle (EV) projects. Key Findings of the Tribunal Proven Debt & Default: The NCLT Bench,…
Cannabis company 4Front Ventures files for bankruptcy in Canada MJBizDaily Read the original article here
A 25-year-old man from Tikjuk in Sikkim’s Gyalshing district was found dead by suicide. The deceased, Michael Limboo, son of Dil Prashad Limboo, was discovered by his cousin, Salim Limboo, at around 6:45 am on June 10. Salim, 24, who also resides in Tikjuk, reported the incident to the local authorities at around 8:05 AM.…
Several methods exist to consolidate credit card debt, such as debt consolidation programs, personal loans and 0% intro APR offers from balance transfer credit cards. Debt Consolidation Programs A debt consolidation program combines your credit card balances into one payment. You make a single payment to the program, which then distributes it to your creditors.…
Student Loan Relief: Social Security Checks Off-Limits for Debt Collection, Says Education Department MARCA Read the original article here