IREDA says Gensol promoters diluted fairness with out lender approval, information EoW grievance, ETCFO
Indian Renewable Vitality Improvement Company (IREDA), one in every of two public sector lenders who had loaned cash to scam-hit Gensol Engineering for getting electrical automobiles, on Friday mentioned the promoters of the agency breached the contract by diluting shareholding with out lenders’ approval. IREDA mentioned it has filed a grievance with the Financial Offences…