India's IREDA files bankruptcy case against Gensol Engineering amid fraud allegations – Reuters
India’s IREDA files bankruptcy case against Gensol Engineering amid fraud allegations Reuters Read the original article here
Ireda Files Insolvency Plea Against Gensol, ₹510 Crore Loan Not Repaid
Indian Renewable Energy Development Agency (Ireda), a government-owned financial agency, has filed for insolvency against Gensol Engineering | New Delhi: Indian Renewable Energy Development Agency (Ireda), a government-owned financial agency, has filed for insolvency against Gensol Engineering. This step comes after Gensol failed to repay a loan of ₹510 crore. The petition was filed under…
Hasan Nawaz’s bankruptcy ends with no charges brought against him
Hasan Nawaz Sharif, the son of PML-N President and former prime minister Nawaz Sharif. — Reporter Hasan Nawaz Sharif eligible to become company director again. Bankruptcy order was issued last year in case brought by creditors. He declared bankruptcy after being asked to pay £10m in taxes. LONDON: The United Kingdom (UK) government’s Revenue and Customs…
St. Renatus biotech company files for bankruptcy – BizWest
With BizWest since 2012 and in Colorado since 1979, Dallas worked at the Longmont Times-Call, Colorado Springs Gazette, Denver Post and Public News Service. A Missouri native and Mizzou School of Journalism grad, Dallas started as a sports writer and outdoor columnist at the St. Charles (Mo.) Banner-News, then went to the St. Louis Post-Dispatch…
Gensol Engineering shares in focus today as IREDA files insolvency plea
The Indian Renewable Energy Development Agency (Ireda) has initiated legal action under Section 7 of the Insolvency and Bankruptcy Code against Gensol Engineering due to the company’s failure to repay a loan of Rs 510 crore. This was disclosed in a stock exchange announcement on Wednesday. If the National Company Law Tribunal accept the insolvency…
IREDA drags Gensol Engineering to insolvency court
Gensol Engineering Limited, once a rising star in India’s clean energy and electric vehicle (EV) space, now faces an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition, filed on 14th May by one of the financial creditors – IREDA — for a default amounting to ₹510 crore.…
Ireda Initiates Insolvency Proceedings Against Gensol Engineering – BW Businessworld
Ireda Initiates Insolvency Proceedings Against Gensol Engineering BW Businessworld Read the original article here
IREDA takes Gensol to insolvency court
MUMBAI: Indian Renewable Energy Development Agency on Wednesday filed an insolvency plea against troubled Gensol Engineering over a default of Rs 510 crore, the power financier said in an exchange filing.The application was filed under section 7 of theInsolvency and Bankruptcy Code.Troubles at Gensol unfolded after a Sebi probe revealed in April that the company’s…
Gensol faces insolvency as IREDA moves NCLT over Rs 510 Cr loan default
The Indian Renewable Energy Development Agency (IREDA) has moved the National Company Law Tribunal (NCLT) against Gensol Engineering Ltd, seeking insolvency proceedings over a Rs 510 crore loan default, according to a regulatory filing made to the Bombay Stock Exchange (BSE) on Tuesday. As per the filing, IREDA has filed the application under Section 7…