IREDA
IREDA Gets Tribunal Nod to Recover ₹510 Crore from Firm Linked to BluSmart and Jaggi Brothers
Anthony Lane
IREDA’s NCLT victory empowers it to recover ₹510 Cr from Gensol Engineering and ₹219 Cr from Gensol EV Lease, tied to BluSmart promoters. Through a dual insolvency and DRT strategy, IREDA targets ₹729 Cr in dues, sets new precedents in renewable-energy financing, and highlights the importance of rigorous due diligence, proactive monitoring, and contractual safeguards for professionals managing green capital.
