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SUMMARY
In the recent order, NCLAT restricted Gensol IRP from leasing 152 EVs, as the lease agreement expired before Gensol’s insolvency proceedings began
The order came on a petition filed by SMAS Auto Leasing India, one of Gensol’s lessors, which had leased out 164 vehicles to the company
Gensol has been under insolvency proceedings since June 13
The National Company Law Appellate Tribunal (NCLAT) today restricted Gensol Engineering interim resolution professional (IRP)…
