New Delhi, May 21 -- State-owned Indian Renewable Energy Development Agency on Wednesday said it has approached the Debt Recovery Tribunal Delhi to recover about Rs.729 crore from Gensol Engineering and Gensol EV Lease Pvt Ltd.
Earlier, Indian Renewable Energy Development Agency (IREDA) had filed a bankruptcy application against beleaguered Gensol Engineering as well as its electric vehicle leasing unit Gensol EV Lease Ltd.
In an exchange filing, IREDA stated that it has filed an "original application under Section 19 of The Recovery of Debts and Bankruptcy Act, 1993 before Debt Recovery Tribunal Delhi on May 20, 2025 for a default amount of Rs.510,00,52,672 and Rs. 218.95 crore against Gensol Engineering Ltd and Gensol EV Lease Pvt Ltd...
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