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IREDA files second bankruptcy case against Gensol Engineering
short by / on Saturday, 17 May, 2025
The Indian Renewable Energy Development Agency said on Friday it had filed a bankruptcy application against Gensol Engineering's electric vehicle leasing unit, two days after filing a bankruptcy case against the troubled company. Gensol EV Lease Ltd owes a default amount of $25.48 million, the state-owned agency said.