Gensol Engineering Admitted to Insolvency After ₹510 Cr Loan Default to IREDA:

The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Gensol Engineering Ltd under the corporate insolvency resolution process following a petition by the Indian Renewable Energy Development Agency (IREDA), citing unpaid dues totaling ₹510 crore. The move has raised red flags in the clean energy sector regarding financial prudence and regulatory oversight.