NCLT admits IREDA’s insolvency plea against Gensol Engineering, directs IRP appointment

The Ahmedabad bench of the National Company Law Tribunal, has admitted the insolvency plea filed by Indian Renewable Energy Development Agency’s (IREDA) insolvency plea against Gensol Engineering, on Friday, June 13. The NCLT has directed for initiation of insolvency proceedings against the company. The tribunal has also directed for the appointment of interim resolution professional…