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IREDA drags Gensol to bankruptcy court over default of ₹510 crore
May 15, 2025
|The New Indian Express Kalaburagi
STATE-owned green energy financier Indian Renewable Energy Development Agency (IREDA) is seeking insolvency proceedings against Gensol Engineering over a default of ₹510 crore, according to an exchange filing.
The plea is filed under Section 7 of the Insolvency and Bankruptcy Code (IBC).
"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 Limited, for an amount of default of ₹510,00,52,672," said IREDA in an exchange filing.
هذه القصة من طبعة May 15, 2025 من The New Indian Express Kalaburagi.
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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