GENSOL \u2014 Recent Activity

Indian e-cab provider BluSmart enters insolvency amid corporate governance challenges

(Reuters) -Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle leases. BluSmart suspended operations in April after India's market regulator barred co-founder Anmol Jaggi from the securities market. The National Company Law Tribunal admitted insolvency proceedings against BluSmart following a petition filed by financial cr

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India audit watchdog to complete probe of Gensol, IndusInd Bank within six months, official says

NEW DELHI (Reuters) -The Financial Reporting Review Board (FRRB) will complete its probe into audit reports of Gensol Engineering and IndusInd Bank within six months, the president of the country's audit watchdog said Monday. "The FRRB will scrutinise all audit documentation to determine if any issues exist and will submit its report within six months,” said Charanjot Singh Nanda, President of the Institute of Chartered Accountants of India (ICAI). Gensol Engineering is facing regulatory actio

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