IREDA takes Gensol to insolvency court | Dununu.com : Circle of...

Dununu.com Dununu

Sponsored

IREDA takes Gensol to insolvency court

RSS Feed Business

Posted

181

IREDA has initiated insolvency proceedings against Gensol Engineering, citing a default of ₹510 crore. This action follows a SEBI investigation revealing that Gensol's promoters misused loan funds for personal gains and stock manipulation. The Jaggi brothers, also linked to BluSmart, face scrutiny after stepping down from Gensol's board due to SEBI directives.

Read Full Article

Please log in to like, share and comment!

IndiGo launches daily flights between Mumbai and Fujairah; connectivity from Kannur to Fujairah soon

IndiGo has expanded its UAE network by launching daily direct flights from Mumbai and Kannur to...

By 0 3

India’s exports rise 9% in April, trade deficit widens to $26.42 billion

India's merchandise exports surged 9.03% to $38.49 billion in April, fueled by electronics and...

By 0 3

Filipino climber dies on Everest

KATHMANDU: A Filipino national, Philipp II Santiago, has died while attempting to climb Mount...

By 0 4

'Nothing is decided': EAM Jaishankar refutes Donald Trump's 'zero tariffs' claim on India-US trade deal

By 0 4

Nepal Oil Corporation slashes fuel prices

KATHMANDU: The Nepal Oil Corporation (NOC) has announced a reduction in the prices of petrol,...

By 0 4