Gensol Engineering

After a Sebi order in April alleging fund diversion and other issues, Gensol Engineering was dragged to NCLT by lenders, and the company was admitted for insolvency on June 13.

IREDA confident of recovery from Gensol EV assets, provisioning may not rise

IREDA was the first lender to file for insolvency against Gensol and has since seen an interim resolution professional (IRP) appointed. A meeting of the committee of creditors (CoC) was held last week and a resolution professional (RP) is expected to be confirmed this month.

Gensol Engg shares hit 2% lower circuit after NCLT admits plea to start insolvency proceedings against it

NCLT appoints interim resolution professional for Gensol Engg

NCLT finds systemic fraud at Gensol Engineering; passes interim order to freeze bank accounts

Tribunal orders wide-ranging interim reliefs on MCA’s plea citing fund diversion, financial misreporting, and public interest concerns

MCA to complete Gensol case investigation in 3-5 months: Sources

The ministry ordered an investigation against the companies under Section 210 of the Companies Act, 2013

NCLT issues notice to Gensol Engineering on Ireda's insolvency plea

Indian Renewable Energy Development Agency’s (Ireda) plea came for hearing before a two-member Ahmedabad-based bench of the insolvency tribunal NCLT

Gensol Engineering shares hit 5% upper circuit even as Ireda files for insolvency proceedings against firm

Ireda has initiated legal action under Section 7 of the Insolvency and Bankruptcy Code against Gensol Engineering due to the company's failure to repay a loan of Rs 510 crore

Stocks to Watch Today: Eicher Motors, Apollo Tyres, Lupin, Wendt India, HUL, Brigade, Genesys, Wipro, Shilpa Medicare, Yes Bank, Vascon Engineers in focus on 15 May

Stocks to Watch, 15 May: Stocks like Wendt India, Infosys, Hindustan Unilever, Brigade Enterprises, Genesys International Corporation, Wipro, Shilpa Medicare, Kirloskar Brothers, State Bank of India, Yes Bank, Gensol Engineering, Allcargo Logistics, Edelweiss Financial Services, Max Healthcare Institute, Navin Fluorine International, and Waaree Energies will be in focus on May 15.

Gensol Engineering shares jump 5%, hit upper circuit after MD Anmol Jaggi, director Puneet Jaggi resign

Gensol shares have hit the lower circuit in 29 out of 34 sessions in the past three month.

No relief to Gensol Engineering in SAT against SEBI order

Gensol Engineering argued that SEBI order is coming in the way of selling its subsidiaries and paying the financial institutions

Gensol Engineering challenges SEBI ban in SAT, hearing today

As per sources, the appeal has been filed on behalf of company praying for removal of restrictions by SEBI

MCA to probe Gensol and BluSmart, says report, shares hit lower circuit for 18th straight session

BluSmart crisis: Gensol Engineering shares have fallen by a whopping 91 percent in 2025 so far, and the company is being probed by the Corporate Affairs Ministry, capital market watchdog Sebi and the Enforcement Directorate.

Gensol Engineering shares hit lower circuit for 17 consecutive sessions, m-cap sinks 98% from highs

Gensol Engineering's market-capitalization has sunk from Rs 4,200 crore during highs to Rs 94 crore, falling 98 percent.

Setback for BluSmart as Uber calls off talks over price, regulatory concerns: Report

The talks were part of BluSmart’s plan for revival under which it was supposed to act as a fleet partner, the report said

Gensol Engineering shares extend losses, sink 5% as ED raids Gurugram, Ahmedabad

The Enforcement Directorate seized documents, electronic devices, and others financial records from Gensol Engineering's Gurugram and Ahmedabad premises.

Stocks to Watch Today: Tata Technologies, CESC, Wipro, Landmark Cars, Aurobindo, CSB Bank, PNB Housing, Indegene, Hexaware in focus on 29 April

Stocks to Watch, 29 Apr: Stocks like RPG Life Sciences, Adani Green Energy, Oberoi Realty, Fino Payments Bank, KFin Technologies, Plastiblends India, Hatsun Agro Product, AWL Agri Business, Adani Total Gas, Nippon Life India Asset Management, Firstsource Solutions, Go Digit General Insurance, and Greenply Industries will be in focus on April 29.

BluSmart looks to restart operations in May, turns to climate funds for revival: Report

The deal is contingent to Anmol Singh Jaggi resigning from the firm, the report has said

Gensol, BluSmart now under a third simultaneous investigation as ED probes for money laundering

Along with two separate investigations by Sebi and the Ministry of Corporate Affairs, it is learnt that the Enforcement Directorate (ED) too will examine the likelihood of money laundering at Gensol Engineering and the electric mobility startup BluSmart.

Gensol fiasco: After Arun Menon, two more independent directors resign from Gensol Engineering

The resignations come after Sebi on Tuesday barred Gensol Engineering and its promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from the securities markets till further orders in a fund diversion and governance lapses case.

Regulatory gaps, poor oversight delay action in Gensol scandal

The Gensol Engineering fiasco lays bare a glaring lack of coordination among regulators, rating agencies, and financial institutions. Despite early warning signs and complaints, decisive action came only after defaults and document falsification were exposed.

Gensol Engineering confirms Sebi's interim order, says 'working diligently to maintain operational stability'

As per Sebi, nearly Rs 97 crore were diverted to promoter-linked entities. Additionally, Rs 37.5 crore worth of loan, which was from a subsidiary was siphoned off to the account of Gensol promoter Anmol Singh Jaggi.

Gensol likely to face multi-agency probe as Sebi flags fund diversion, stock manipulation

Legal experts say the allegations, if finally proven, could trigger parallel investigations under corporate fraud, money laundering, and criminal breach of trust laws.

Gensol crisis: BluSmart suspends cab bookings via app in parts of NCR, Mumbai and Bengaluru

The development comes just a day after SEBI’s recent findings in the Gensol Engineering probe that have cast serious doubts over the future of BluSmart.

Gensol and BluSmart promoter Anmol Singh Jaggi diverted EV loans to purchase a DLF Camellias flat: SEBI

'The promoters were running a listed public company as if it were a propriety firm. The company's funds were used for unconnected expenses, as if the company's funds were promoters' piggybank,' says SEBI

Gensol Engineering shares tank 5% as promoters barred from accessing equity markets, stock split put on hold

The promoters of Gensol Engineering were running a listed public company as if it were a propriety firm, said markets regulator SEBI.