IREDA Files Insolvency Plea Against Gensol Over $60M Default

Indian Renewable Energy Development Agency Ltd. has filed an application against Gensol Engineering Ltd. under the nation’s insolvency and bankruptcy law, according to a stock exchange filing.

• State-run IREDA said the plea was over a default of 5.1 billion rupees ($60 million)
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To contact the reporters on this story:
Shruti Mahajan in New Delhi at smahajan83@bloomberg.net;
Sankalp Phartiyal in New Delhi at sphartiyal@bloomberg.net ...