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GENSOL FUND DIVERSION
Delhi High Court orders Gensol to hand over remaining EVs to Smas AutoThe Delhi High Court has directed Gensol Engineering's resolution professional to hand over remaining electric vehicles to Smas Auto Leasin...- Sebi confirms Gensol fraud, finds promoters diverted funds, falsified recordsSecurities and Exchange Board of India (Sebi) on Monday passed a confirmatory order against Gensol Engineering and its promoter-directors A...
- Sebi confirms ban on Gensol, Jaggi brothers in fund diversion caseThe regulator said Jaggi brothers, also cofounders of EV ride-hailing firm BluSmart Mobikity, would continue to be debarred from holding th...
- MCA, Sebi discuss probe into Gensol EngineeringSebi chairman Tuhin Kanta Pandey and corporate affairs secretary Deepti Gaur Mukerjee convened to address ongoing investigations into Genso...
- Corporate Affairs Ministry aims to complete probe into Gensol Engineering, related cos in 3-5 monthsThe corporate affairs ministry is set to conclude its investigation into Gensol Engineering and its related entities within three to five m...
- Jaggi brothers resign from Gensol Engineering on Sebi orderGensol Engineering promoters Anmol and Puneet Singh Jaggi have resigned following Sebi’s interim order alleging fund diversion and governan...
- Gensol Engineering shares slide 5%, extending 20-day rout after SAT denies interim reliefGensol Engineering shares remain under pressure after the SAT denied interim relief against Sebi’s market access ban over alleged fund dive...
- Delhi HC halts Gensol & BluSmart 3rd party claims on 220 EVsThe Delhi High Court has further restricted Gensol Engineering and BluSmart Mobility from creating third-party rights over 220 additional E...
- Gensol promoters, Anmol and Puneet Singh Jaggi, detained in a FEMA caseThe Enforcement Directorate raided Gensol Engineering Ltd, detaining co-promoter Puneet Singh Jaggi in Delhi, following a SEBI report alleg...
- Delhi HC bars Gensol Engineering and BluSmart Mobility from alienating EVs leased from OrixThe Delhi High Court has restrained Gensol Engineering and BluSmart Mobility from alienating 175 electric vehicles leased by Orix, a Japane...
- 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...
- PFC, IREDA mull legal measures against Gensol to safeguard their loan exposurePower Finance Corp and IREDA are pursuing legal options to protect their ₹977 crore loan exposure to Gensol Engineering after promoters fac...
- Gensol Engineering independent director Arun Menon resigns after SEBI crackdownGensol Engineering and its promoters face Sebi action for alleged fund diversions. Independent director Arun Menon resigns, citing concerns...
- Many Gensols yet to come out? Vijay Kedia lists 10 red flags in companies that scream 'scam alert'After Sebi barred Gensol Engineering for fund misuse, Vijay Kedia warned of more such companies hiding in plain sight. He outlined 10 red f...
- After a 91% crash, 90 lakh retail investors trapped with Gensol Engineering sharesGensol Engineering shares have crashed 91% from their peak, trapping over 90 lakh retail investors. SEBI’s interim order barred the company...
- Gensol Engineering shares hit 5% lower circuit after Sebi bars promoters from securities marketGensol Engineering share price: Gensol Engineering's promoters, Anmol and Puneet Jaggi, face SEBI restrictions for alleged financial misman...
- Sebi bars Gensol promoters from securities marketLast year in June, Sebi received a complaint relating to manipulation of share price and diversion of funds from Gensol Engineering, follow...
- More retail investors could buy Gensol Engineering shares? Here's why Sebi cancelled stock splitSebi has put Gensol Engineering's 1:10 stock split on hold, citing financial irregularities and misuse of EV loan funds by promoters, inclu...
- Inside details: How Gensol promoter bought luxury DLF Camellias apartment in Gurgaon with 'diverted funds'Sebi’s interim order reveals Gensol promoter Anmol Singh Jaggi diverted Rs 97 crore—sourced from company loans and funds—towards buying a l...
- Sebi cracks down on Gensol Engineering, bars promoters from markets for fund diversionSebi has taken interim action against Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, due to financial mism...
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