India, July 30 -- About three months after issuing an interim order in the case of alleged financial misappropriation by promoters of Gensol Engineering - Anmol Singh Jaggi and Puneet Singh Jaggi, markets regulator SEBI has upheld its interim findings in the case as well as directions.

With this, SEBI has upheld its interim direction barring the brothers from holding the position of director or key managerial personnel of the troubled company, which is a related entity of ride-hailing startup BluSmart.

The interim order triggered a crisis for Gensol, which is under bankruptcy proceedings. BluSmart, too, is undergoing insolvency proceedings now.

After SEBI released the interim order on April 15, Gensol unsuccessfully moved the SAT, fili...