National Company Law Tribunal (NCLT) admitted BluSmart-owner Gensol Engineering to insolvency on IREDA's plea. NCLT may select an interim resolution professional from the Insolvency and Bankruptcy Board's panel. The case stems from SEBI's findings that the firm and its promoters primarily diverted money through BluSmart, funded by IREDA and others. The firm's shares closed 1.98% lower on Friday.