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 the acquisition of a luxury apartment in Gurugram and high-end golf equipment.
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
