New Delhi: Indian Renewable Energy Development Agency (Ireda) has filed an insolvency application against Gensol Engineering Ltd over a default of ₹510 crore, according to an exchange filing from the power financier on Wednesday.
“In furtherance to our earlier letter dated 25.04.2025 with respect to M/s Gensol Engineering Limited, this is to inform you that the Company has filed an application today i.e. May 14, 2025 under Section 7 of Insolvency and Bankruptcy Code, 2016 against M/s Gensol Engineering Ltd, for an amount of default of ₹510,00,52,672/- (Rupees Five Hundred Ten Crore and Fifty Two Thousand Six Hundred and Seventy Two Only),” the…
