https://www.taxtmi.com/news?id=43731 An insolvency petition was filed against Gensol Engineering by a creditor to commence corporate insolvency proceedings for recovery, while the securities market regulator issued an interim ban on the company and its promoters based on prima facie findings of fund diversion, mis utilisation of corporate assets, submission of forged lender letters, related party routing of funds, and alleged violations of prohibition of fraudulent and unfair trade practices, with directions for a forensic audit and procedural timelines for the company to respond to the interim order. en-us Wed, 14 May 2025 22:31:03 +0530 Wed, 14 May 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43731 An insolvency petition was filed against Gensol Engineering by a creditor to commence corporate insolvency proceedings for recovery, while the securities market regulator issued an interim ban on the company and its promoters based on prima facie findings of fund diversion, mis utilisation of corporate assets, submission of forged lender letters, related party routing of funds, and alleged violations of prohibition of fraudulent and unfair trade practices, with directions for a forensic audit and procedural timelines for the company to respond to the interim order. News - Wed, 14 May 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=43731