PFC declares Gensol as fraud, IREDA approaches DRT to recover Rs 729 Cr

IREDA Approaches Debt Recovery Tribunal Delhi to Recover from Gensol The Indian Renewable Energy Development Agency (IREDA), a public sector undertaking, has approached the Debt Recovery Tribunal (DRT) in Delhi to recover dues from Gensol Engineering. This action indicates IREDA's recourse to legal channels to recover outstanding debts from a borrower in the renewable energy sector. The move underscores the challenges faced by lending institutions in recovering non-performing assets and highlights the formal processes involved in debt recovery through specialized tribunals.