Insolvency appellate tribunal NCLAT on Wednesday declined any immediate relief by staying the NCLT order directing freezing assets of Gensol, its promoters, and related entities.
It has directed two Gensol Group entities -- BluSmart Premium Feet and Matrix Gas and Renewable -- to approach the Ahmedabad bench of the National Company Law Tribunal (NCLT) with their plea, where the matter has been listed for hearing on June 12.
Passing an order on the plea by the Ministry of Corporate Affairs, a vacation bench of the NCLT had on May 28 directed to freeze assets of Gensol, its promoters, and related entities.
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
