NCLT directs insolvency decision proceedings in opposition to Gensol Engineering and arm Gensol EV Lease
The Nationwide Firm Legislation Tribunal (NCLT) admitted Gensol Engineering Ltd. and its arm Gensol EV Lease Ltd for insolvency decision following separate petitions filed by Indian Renewable Power Growth Company Ltd. (IREDA). Nevertheless, NCLT appointed an alternate interim decision skilled (IRP) for each the businesses, whereas rejecting the identify proposed by IREDA. On Might 14, State-run IREDA had filed an…