Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
NCLT admits Ireda plea against Gensol, EV leasing subsidiary
Hindustan Times Navi Mumbai
|June 14, 2025
THE NCLT CLARIFIED THAT IT WOULD NOT APPOINT THE RESOLUTION PROFESSIONAL SUGGESTED BY THE LENDER
NEW DELHI: A company law court on Friday admitted Gensol Engineering Ltd and its EV leasing subsidiary to insolvency proceedings, and appointed an interim resolution professional (IRP) to take charge of the company's affairs.
The Ahmedabad bench of the National Company Law Tribunal (NCLT) accepted an insolvency petition filed by state-run Indian Renewable Energy Development Agency Ltd (Ireda) that said Gensol had defaulted on loans of ₹510 crore.
The NCLT bench of Shammi Khan and Sanjeev Kumar Sharma passed the order under Section 7 of the Insolvency and Bankruptcy Code (IBC).
NCLT has appointed Keshav Khaneja as the IRP of Gensol, according to an NCLT order.
This story is from the June 14, 2025 edition of Hindustan Times Navi Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Navi Mumbai
Hindustan Times Navi Mumbai
After a slow start, Mandhana has found her rhythm in World Cup
Left-hander struggled to begin with but come the business end, she is showing her true colours
4 mins
October 25, 2025
Hindustan Times Navi Mumbai
Manufacturing mission to get ₹10,000 crore reboot
Goal is to finance greenfield projects, scale high-value sectors in 7 regions
2 mins
October 25, 2025
Hindustan Times Navi Mumbai
Oz face Proteas in battle for top spot
Australia would be hoping their \"three-in-one\" skipper Alyssa Healy is fit and raring to go in the top-of-the-table Women's World Cup clash here on Saturday against South Africa, who have displayed remarkable resilience and fortitude to emerge as strong contenders for the prestigious trophy.
1 mins
October 25, 2025
Hindustan Times Navi Mumbai
How low can you go?
Stilettos are out. Shoe heels today are stylish but much less wobbly. We're finally in our comfort era
2 mins
October 25, 2025
Hindustan Times Navi Mumbai
Venue see it
DJs on local trains, gigs in elevators, concerts in churches, raves at cafés. Live events are going far
4 mins
October 25, 2025
Hindustan Times Navi Mumbai
Larissa D’Sa
Content creator and entrepreneur, @Larissa_WLC
1 mins
October 25, 2025
Hindustan Times Navi Mumbai
Blackstone to pick up 9.99% in Federal Bank for ₹6,197 cr
Global investor Blackstone is set to buy nearly 10% stake in Keralabased Federal Bank, becoming the latest foreign entity to covet a slice of a domestic bank.
1 mins
October 25, 2025
Hindustan Times Navi Mumbai
NC wins 3, BJP 1 in first J&K RS polls since Art 370 move
BJP CLINCHED THE FOURTH SEAT IN A NAIL-BITING CONTEST, FANNING SPECULATION OF CROSS VOTING
1 min
October 25, 2025
Hindustan Times Navi Mumbai
Kohli and the challenge of playing just one format in modern cricket
It doesn't help that ODIs are dying and he just isn't getting enough competitive cricket under his belt
3 mins
October 25, 2025
Hindustan Times Navi Mumbai
Jana Sangh formed, promises to take on Cong, reunify India
HT’s report on Bharatiya Jana Sangh entering political landscape as a pan-country party
3 mins
October 25, 2025
Listen
Translate
Change font size