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flag IREDA files debt recovery case against Gensol for ₹729 crore related to renewable projects and EVs.

flag The Indian Renewable Energy Development Agency (IREDA) has filed a case with the Debt Recovery Tribunal (DRT) in Delhi to recover over ₹729 crore from Gensol Engineering Limited and its subsidiary, Gensol EV Lease Pvt Ltd. flag The debt is owed for renewable energy projects and electric vehicles purchased for BluSmart, a ride-hailing platform. flag IREDA and Power Finance Corporation have also accused Gensol of falsifying documents related to debt servicing.

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