💨 Abstract

The Indian Renewable Energy Development Agency (Ireda) filed a bankruptcy application against Gensol Engineering, citing a default of approximately Rs 510 crore. The Securities and Exchange Board of India (Sebi) previously barred Gensol and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from securities markets due to fund diversion and governance issues. The Jaggi brothers resigned following Sebi's order.

Courtesy: theprint.in