Gensol group faces insolvency over Ireda dues

BENGALURU: The National Company Law Tribunal (NCLT), Ahmedabad has admitted two separate insolvency petitions filed by Indian Renewable Energy Development Agency (Ireda) against Gensol Engineering (GEL) and its subsidiary Gensol EV Lease (GEVL), initiating corporate insolvency resolution processes (CIRP) against both companies.In the case of Gensol Engineering, the tribunal admitted Ireda’s petition for defaulted dues…

Football betting firm boss banned after company went into administration owing investors more than £10 million

Former sports presenter Alan Bentley has received an 11-year directorship ban after his football betting firm collapsed owing investors over £10 million, having continued to collect £1.5 million in investments despite no evidence of trading activity  His company, Bentley Global (UK) Limited, promised investors returns of up to 20% by using a football betting algorithm,…