Gensol Engineering admitted to insolvency by NCLT on Ireda petition
Gensol Engineering admitted to insolvency by NCLT
Listen to This Article
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Gensol Engineering Limited to Corporate Insolvency Resolution Process (CIRP) on a petition filed by the Indian Renewable Energy Development Agency (Ireda), according to a report from Bar and Bench.
Ireda stated on May 14 that it had initiated insolvency proceedings. Ireda urged immediate oversight of Gensol, arguing that the company had effectively become "headless" following the exit of its top leadership during continuing regulatory scrutiny. Since then, multiple other financial creditors have also filed for insolvency against the company.
An interim resolution professional (IRP) will take over
More From This Section
 "Muthoot Finance")
 "Full size")
 "Special Breaking News")
Topics : Engineering placement
Buzzing :
Greece in crisisTravel & Budget & EuropeSaaS $ Email MarketingHarnautBlacklisting Policy 2Question Paper Leak 2A big moment for small armsAI in Financial Markets: How Technology is Changing Investing'India's size and diversity make it a powerful innovation engine'Datanomics: Housing, gold loans drive household debt to a decade highSamrat ChoudharyEl Nino
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jun 13 2025 | 5:00 PM IST