NCLT Admits IREDA’s Plea On INR 510 Cr Default

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…