Australian reseller MWave goes into voluntary administration

Filed via the Australian Securities and Investments Commission. Australian computer and technology reseller Mwave.com.au has entered voluntary administration. In a filing registered on Friday June 13 2025 via the Australian Securities and Investments Commission, it shows the company’s status is in external administration. In documents seen by CRN Australia, Mwave’s parent company Esel Pty Ltd…

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Gensol Group Encounters Insolvency Challenges Due to Ireda Obligations

The National Company Law Tribunal (NCLT) in Ahmedabad has initiated corporate insolvency resolution processes (CIRP) for Gensol Engineering Limited (GEL) and its subsidiary, Gensol EV Lease (GEVL), following petitions filed by the Indian Renewable Energy Development Agency (Ireda). The tribunal admitted the petitions due to significant outstanding dues, amounting to over ₹729 crore combined. This…

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Gensol Engineering Limited (GEL) and its subsidiary, Gensol EV Lease (GEVL), into insolvency proceedings following a petition by the Indian Renewable Energy Development Agency (IREDA). The tribunal’s decision, delivered on June 13, comes after Gensol defaulted on loans amounting to ₹510 crore for GEL and…

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