“Creditors’ contests grow by 12% up to April

Image from page 185 of “Thackerayana;” (1875) Posted By: The Corner 16th May 2025 According to the monitoring of insolvency proceedings published in the Official State Gazette (BOE) carried out by Iberinform, the business fabric registered a year-on-year decrease of -3.5% in business insolvencies in April. For the year as a whole, they accumulate an…

NCLT to hear IREDA’s insolvency petition against Gensol on June 3

Gensol Engineering has been in the spotlight since April, when SEBI barred the company’s promoters from the securities market for alleged fund diversions and corporate governance lapses. Photo: X/@GensolGroup State-run Indian Renewable Energy Development Agency Ltd. (IREDA) on Friday (May 16, 2025) moved an insolvency petition against Gensol Engineering Ltd before the National Company Law Tribunal…