NCLT Orders Freezing Of Gensol’s Bank Accounts & Lockers

Share via:


SUMMARY

In its order dated May 28, the NCLT noted that there was prima facie evidence that Gensol indulged in systemic fraud, involving substantial public interest

The bench also directed that notices be served to all respondents along with a copy of the petition, and listed the matter for next hearing on June 3

EV lessor SMAS Auto Leasing India has also dragged Gensol’s subsidiary Param Renewable Energy to Delhi HC to take custody of its vehicles leased to Param

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

NCLT Orders Freezing Of Gensol’s Bank Accounts & Lockers


SUMMARY

In its order dated May 28, the NCLT noted that there was prima facie evidence that Gensol indulged in systemic fraud, involving substantial public interest

The bench also directed that notices be served to all respondents along with a copy of the petition, and listed the matter for next hearing on June 3

EV lessor SMAS Auto Leasing India has also dragged Gensol’s subsidiary Param Renewable Energy to Delhi HC to take custody of its vehicles leased to Param

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Cluely, a startup that helps ‘cheat on everything,’ raises...

Cluely, a startup that claims to help users...

Chinese EV maker Hozon enters bankruptcy proceedings, state media...

Zhejiang Hozon New Energy Automobile, the owner of...

Vibe, Then Verify: Turning AI Risk Into Enterprise Reward

This isn’t mere speculation: Emerging AI tools can...

Popular

Upcoming Events