NCLT Admits IREDA’s Plea On INR 510 Cr Default

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SUMMARY

NCLT Ahmedabad bench has admitted an insolvency plea filed by IREDA against Gensol Engineering over a INR 510 Cr default

The tribunal reserved its judgment on IREDA’s plea, stating that Gensol had not raised any defence disputing the existence of the debt

IREDA approached the Delhi debt recovery tribunal last month to recover a default amount of INR 729 Cr

The National Company Law Tribunal’s Ahmedabad bench has reportedly admitted Gensol Engineering Limited into…



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NCLT Admits IREDA’s Plea On INR 510 Cr Default


SUMMARY

NCLT Ahmedabad bench has admitted an insolvency plea filed by IREDA against Gensol Engineering over a INR 510 Cr default

The tribunal reserved its judgment on IREDA’s plea, stating that Gensol had not raised any defence disputing the existence of the debt

IREDA approached the Delhi debt recovery tribunal last month to recover a default amount of INR 729 Cr

The National Company Law Tribunal’s Ahmedabad bench has reportedly admitted Gensol Engineering Limited into…



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.

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