NCLT Orders Freezing Of Gensol’s Bank Accounts & Lockers

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…