NCLT admits insolvency petition against Gensol
June 14, 2025
|Financial Express Chennai
Debt Recovery
The National Company Law Tribunal (NCLT) on Friday admitted a corporate insolvency plea by the state-run Indian Renewable Energy Development Agency (Ireda) against Gensol Engineering and Gensol EV Lease for a loan default of ₹510 crore.
Now, an interim resolution professional (IRP) will take control over the management of Gensol Engineering (GEL) and establish a committee of creditors (CoC) to evaluate resolution plans. It is said that if no resolution plan is approved within 180 to 330 days, the company will be liquidated.
هذه القصة من طبعة June 14, 2025 من Financial Express Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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