DRT Delhi directs status quo in ₹992 Cr proceedings by IREDA and PFC against Gensol

DRT Delhi Directs Status Quo in ₹992 Cr Proceedings by IREDA and PFC Against Gensol The Debt Recovery Tribunal (DRT) in Delhi has directed a "status quo" in the ₹992 crore recovery proceedings initiated by IREDA (Indian Renewable Energy Development Agency) and PFC (Power Finance Corporation) against Gensol. A status quo order typically means that parties must maintain the existing state of affairs until further orders from the tribunal. This suggests an ongoing legal battle over a significant debt, with the DRT aiming to preserve the situation to facilitate a fair resolution or prevent asset dissipation.