New Delhi: The state-run Indian Renewable Energy Development Agency (Ireda) on Wednesday filed an insolvency application against Gensol Engineering Ltd for a default of ₹510 crore, according to an exchange filing by the clean energy-focused lender.
The development comes nearly three weeks after Ireda filed a complaint with the Economic Offences Wing (EOW) of the Delhi Police against Gensol Engineering for alleged submission of falsified documents and dilution of promoters shares without lenders’ approval.
“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…
