New Delhi, May 20 -- The Ministry of Corporate Affairs (MCA) investigation in Gensol Engineering case, encompassing 18 companies, will be completed in 3-5 months, sources told ANI.
There may not be a need to send Gensol Engineering case to Serious Fraud Investigation Office (SFIO) probe if MCA gets enough evidence in its investigation, the sources added.
Earlier this month, MCA had ordered a probe into the affairs of Gensol Engineering for alleged violations of companies law.
At the centre of the controversy is the alleged misutilisation of loans availed by Gensol Engineering from state-run IREDA and PFC.
In April, market regulator SEBI had passed an interim order barring Gensol Engineering's promoters Anmol Singh Jaggi and Puneet Sin...
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