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NCLT admits insolvency pleas against Gensol and EV arm over ₹728 cr default
16 Jun 2025 06:10 GMT
… Pvt Ltd (GEVL), initiating corporate insolvency resolution processes (CIRP) against … and a default.
Separately, insolvency proceedings were also initiated against … guarantees from Gensol Engineering.
The insolvency admission marks a significant development …
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Latvia struggles to recover tax debts – hundreds of millions “stuck” in insolvencies
16 Jun 2025 06:36 GMT
As of early June this year, the total amount of tax debts in Latvia – including current debts, suspended debts, and payment extensions – stood at 825.875 million euros, which is 2.3% less than the previous month and 2.2% less than at the beginning of the …
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Top insolvency lawyer and former Rajah & Tann managing partner Patrick Ang dies at 61
15 Jun 2025 04:23 GMT
… control
Ang was a leading insolvency lawyer in Singapore, with over … body of top bankruptcy and insolvency professionals.
Ang became managing partner …
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NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea
14 Jun 2025 22:13 GMT
… Lease (GEVL), into insolvency proceedings following a petition by … Lease to the Corporate Insolvency Resolution Process (CIRP) … ride-hailing firm. The insolvency proceedings have cast uncertainty … for Gensol:
With the insolvency process underway, the …
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The executive wants to review insolvency regimes to facilitate agreements.
14 Jun 2025 17:22 GMT
… Luís Montenegro proposes to “review insolvency regimes by adopting the best …
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MTCC MD confident company will not hit insolvency
14 Jun 2025 07:18 GMT
… the corporation will not face insolvency despite going through current financial …
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NCLT directs insolvency resolution proceedings against Gensol Engineering and arm Gensol EV Lease
14 Jun 2025 06:59 GMT
… EV Lease Ltd for insolvency resolution following separate petitions … under Section 7 of Insolvency and Bankruptcy Code, 2016 … do not bar Corporate Insolvency Resolution Process (CIRP), as … need for a corporate insolvency resolution process against Gensol …
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NCLT Admits IREDA's Petition, Directs Insolvency Against Gensol Engineering, Gensol EV Lease
14 Jun 2025 05:48 GMT
"The IRP is expected to take full charge of the corporate debtor's assets and documents without any delay whatsoever. He is also free to take police assistance in this regard, and this Court, hereby, directs the police authorities to render all …
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NCLT initiates insolvency proceedings against Gensol Engineering and Gensol EV lease
14 Jun 2025 03:43 GMT
… ) has ordered the commencement of insolvency proceedings against Gensol Engineering Ltd … Gensol Engineering into the Corporate Insolvency Resolution Process (CIRP) under Section … 7 of the Insolvency and Bankruptcy Code (IBC), 2016 …
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NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
14 Jun 2025 01:15 GMT
… on Friday directed to initiate insolvency proceedings against Gensol Engineering and … .
The Ahmedabad bench of the insolvency tribunal appointed interim resolution professionals … is admitted in the Corporate Insolvency Resolution Process (CIRP) under section …
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