Gensol loan recovery: PFC may opt for DRT even as IREDA moves NCLT

Gensol loan recovery: PFC may opt for DRT even as IREDA moves NCLT

With over Rs 977 crore in sanctioned loans, Gensol Engineering is facing intensified recovery proceedings from lenders amid widening financial and governance lapses.

IREDA Drags Gensol to Debt Recovery Tribunal Over INR 729 Cr Recovery

The Delhi Debt Recovery Tribunal (DRT) has been contacted by the Indian Renewable Energy Development Agency (IREDA) to recover around INR 729 Cr from Gensol Engineering after the agency filed an insolvency plea against the company.The company filed an original application under Section 19 of The Recovery of Debts and Bankruptcy Act, 1993, before the Hon'ble Debt Recovery Tribunal Delhi on May 20, 2025, for a default amount of INR 510 Cr and INR …