IREDA Declares Gensol Engineering And Gensol EV Lease Loan Accounts As Fraud, Reports ₹672.74 Crore Exposure To RBI
IREDA has classified the loan accounts of Gensol Engineering Limited and Gensol EV Lease Limited as fraudulent, with a combined outstanding amount of ₹672.74 crore. Allegations include misappropriation and forgery. The action aligns with RBI regulations, and IREDA has provisioned 85% of the exposure to mitigate financial impact, reinforcing its commitment to regulatory compliance.
The post IREDA Declares Gensol Engineering And Gensol EV Lease Loan Accounts As Fraud, Reports ₹672.74 Crore Exposure To RBI appeared first on SolarQuarter.
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