DRT Delhi directs status quo in ₹992 Cr proceedings by IREDA and PFC against Gensol

IREDA filed a plea for recovery of ₹ 728 crores while PFC filed a plea for recovery of ₹264 crore
Gensol
Gensol
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The Debts Recovery Tribunal (DRT)–III, Delhi, has directed Gensol Engineering Limited and Gensol EV Lease Pvt Ltd to maintain status quo on secured assets and vehicles, in recovery proceedings initiated by two government lenders—Indian Renewable Energy Development Agency Limited (IREDA) and Power Finance Corporation (PFC)—for a combined amount of approximately ₹992 crore.

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