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…
IREDA files insolvency plea against Gensol Engineering over Rs 510 crore default – Market News
The Indian Renewable Energy Development Agency has filed an insolvency plea against Gensol Engineering for defaulting on a Rs 510 crore payment. The development came weeks after SEBI banned the company and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and…
Insolvency-related activity and business start-up rates fall in Yorkshire and Humber – thestar.co.uk
Insolvency-related activity and business start-up rates fall in Yorkshire and Humber thestar.co.uk Read the original article here
Ireda files insolvency plea against Gensol Engineering over ₹510 cr default
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…
Green energy financier IREDA drags Gensol to bankruptcy court over Rs 510 crore default
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…
Access Denied
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/ireda-files-insolvency-petition-against-gensol-over-rs-510-cr-default-125051401595_1.html” on this server. Reference #18.d1672817.1747237868.1c7a2122 https://errors.edgesuite.net/18.d1672817.1747237868.1c7a2122 Read the original article here
‘Where are the members?’ NCLT on Bhushan Steel resolution review
The Supreme Court’s unprecedented move to scrap JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power & Steel Ltd (BPSL) and order its liquidation has shifted the burden back onto the already-understaffed National Company Law Tribunal (NCLT), which must now hear the case again. Understaffing at the National Company Law Tribunal (NCLT) emerged as a key…
'Sculptura' festival declared bankrupt – artists left unpaid – The Brussels Times
‘Sculptura’ festival declared bankrupt – artists left unpaid The Brussels Times Read the original article here