
EQUITY STARS
June 16, 2025 at 02:25 AM
🚨 IREDA - IBC Admission Update
🏛️ NCLT Ahmedabad has admitted Section 7 IBC petitions filed by IREDA on May 14 against:
🔹 Gensol Engineering Ltd. – ₹510 Cr default
🔹 Gensol EV Lease (Subsidiary) – ₹218.95 Cr default
⚠️ Proceedings under Insolvency and Bankruptcy Code now initiated. Stay tuned for further updates!