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flag Gensol Engineering Ltd faces potential liquidation after a ₹510 crore loan default was admitted by a tribunal.

flag The National Company Law Tribunal in Ahmedabad has admitted an insolvency plea against Gensol Engineering Ltd, filed by the Indian Renewable Energy Development Agency over a ₹510 crore loan default. flag The tribunal appointed an interim resolution professional to manage the company, which could face liquidation if a resolution plan isn't approved within 180 to 330 days. flag Gensol is accused of financial misstatements and fund diversion.

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