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GENSOL FRAUD CASE
NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...- ICAI to wrap up initial review of Gensol, IndusInd books in about six monthsICAI is reviewing Gensol Engineering and IndusInd Bank's books, expecting to conclude in six months, potentially leading to disciplinary ac...
- NCLAT asks Gensol entities BluSmart and Matrix to approach NCLT on asset freezeThe NCLAT declined to immediately stay the NCLT's order freezing Gensol's assets, directing BluSmart and Matrix Gas to appeal to the Ahmeda...
- Gensol Engineering shares in focus as NCLT likely orders asset freeze against promotersThe National Company Law Tribunal has ordered the freezing of assets linked to Gensol Engineering and its affiliates following accusations ...
- Interim relief for Puneet Singh, Gensol for usage of defamatory words against themA Delhi court granted interim relief to Puneet Singh, co-founder of Gensol Engineering and BluSmart, against defamatory statements. The cou...
- PFC Q4 net profit rises 11%, makes 100% provisions on Gensol EngineeringPower Finance Corp (PFC) reported an 11% increase in the fourth-quarter net profit at Rs 8,358 crore, buttressed by an increase in interest...
- NFRA probes Gensol's audit books after Sebi flags fraud, ICAI review underwayIndia’s audit regulator, NFRA, has launched a preliminary inquiry into Gensol Engineering’s books after SEBI flagged fraud allegations. The...
- BluSmart fleet on the block, HCL-Foxconn semicon JVLenders and lessors are planning to sell EVs on the BluSmart fleet to recover their dues. This and more in today’s ETtech Morning Dispatch.
- Swiggy’s stock slump; SoftBank’s first profit in 4 yearsSwiggy shares are in for a volatile run on the bourses as the lock-in period for pre-IPO investors expired on Monday. This and more in toda...
- MCA probes BluSmart; More made-in-India AirPodsHappy Tuesday! The corporate affairs ministry will probe Gensol Engineering and BluSmart to check corporate governance lapses. This and mor...
- ICAI to probe books of Gensol, BluSmartThe Institute of Chartered Accountants of India (ICAI) will investigate Gensol Engineering and BluSmart Mobility's FY24 financial statement...
- ICAI to review financial statements of crisis-hit Gensol Engg, BluSmart MobilityICAI will scrutinize the financial statements of Gensol Engineering and BluSmart Mobility for fiscal year 2023-24, prompted by concerns ove...
- BluSmart faces audit; Ather's investor gainsBluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
- Gensol Engineering dues at Rs 307 crore, exploring all action, options, says PFCPower Finance Corporation (PFC) is pursuing action to recover ₹307 crore from Gensol Engineering, which faces scrutiny from SEBI for fund d...
- BluSmart bust makes investors rewrite the fine printFollowing financial irregularities at Gensol Engineering and BluSmart, investors are tightening investment contract terms. Lawyers indicate...
- Power Finance Corporation files plaint with EOW over 'document fraud'Power Finance Corporation (PFC) has filed a complaint against Gensol Engineering for allegedly falsifying documents related to debt servici...
- Directors and independence: No excuse for corporate fraudFollowing the Gensol fraud, the article highlights the ineffectiveness of current regulatory safeguards due to the lack of genuine independ...
- Nab a Gensol, catch a con: How India Inc’s green dreams turn into grifting nightmaresThe Gensol Engineering fiasco highlights corporate governance issues in India, where promoters prioritize personal gain over public interes...
- Faster fraud prevention; BluSmart on Uber’s radarHappy Monday! Major Indian banks and payment companies are speeding up their response to payment fraud by integrating their systems with th...
- Sliding market having a spree of bad share daysThis follows a ratings downgrade by Icra, which alleged the clean energy firm falsified debt-servicing documents. Sentiment worsened after ...
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