Gensol Engineering shares hit 5% upper circuit even as Ireda files for insolvency proceedings against firm Moneycontrol Read the original article here
Bankruptcy resolutions peak in FY25; creditors recover over ₹67,000 crores Mint Read the original article here
Earlier in the week, Gensol’s Managing Director, Anmol Singh Jaggi, and Whole-time Director, Puneet Singh Jaggi, resigned from their positions following an interim order by the Securities and Exchange Board of India (SEBI). The order alleged that the Jaggi brothers diverted funds intended for purchasing electric vehicles for their affiliate, BluSmart, for personal use, including…
Ireda has filed for bankruptcy against Gensol Engineering, a listed company, for defaulting on a Rs 510 crore loan. The move follows Sebi’s investigation into fund diversion and governance lapses. New Delhi, May 14 (PTI) Indian Renewable Energy Development Agency (Ireda) on Wednesday said it has filed a bankruptcy application against beleaguered Gensol Engineering before…
New Delhi: Indian Renewable Energy Development Agency (Ireda) on Wednesday said it has filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal. According to a regulatory filing, Ireda has filed an application on May 14, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Gensol Engineering Limited,…
Shares of Gensol Engineering hit 5% upper circuit on May 15 even as Indian Renewable Energy Development Agency (Ireda) on May 14 said it has filed a bankruptcy application against the beleaguered firm before the National Company Law Tribunal. According to a regulatory filing, Ireda has filed an application on May 14, 2025, under Section…
India’s IREDA files bankruptcy case against Gensol Engineering amid fraud allegations Reuters Read the original article here
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 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…
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…