India, May 21 -- After filing an insolvency plea against Gensol Engineering, the Indian Renewable Energy Development Agency (IREDA) has now approached the Delhi debt recovery tribunal (DRT) to recover about INR 729 Cr from the troubled company.

". this is to inform you that the company has filed an Original Application under Section 19 of The Recovery of Debts and Bankruptcy Act, 1993 before Hon'ble Debt Recovery Tribunal Delhi on 20.05.2025 for a default amount of INR 510 Cr and Rs. 218.95 Cr against M/s Gensol Engineering Limited and M/s Gensol EV Lease Pvt Limited respectively," IREDA said in an exchange filing.

Banks and financial institutions can approach the DRTs for recovery of secured debt from borrowers.

Meanwhile, a Moneycont...