Authority: National Company Law Tribunal, Division Bench, Court-1, Ahmedabad
Order Date: 08/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard multiple interconnected applications in the matter of Indian Renewable Energy Development Agency Limited (Applicant) versus Gensol EV Lease Limited (Respondent). The proceedings arise from a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The tribunal heard arguments from legal representatives of both parties and reviewed the case record.
Four applications were considered:
1. IA/1429(AHM)2025 and IA/519(AHM)2026 in IA/1429(AHM)2025: The bench reserved orders on these two applications after hearing arguments from both sides.
2. IA/559(AHM)2026: The Respondent filed a reply through e-mode on 06.06.2026 with an undertaking to file a physical copy. The Applicant/Resolution Professional sought time to file a rejoinder, which was granted. The rejoinder must be filed within seven days.
3. IA/574(AHM)2026: The Respondent's counsel appeared and stated that a vakalatnama was filed through e-mode on 05.06.2026. The Respondent sought another opportunity to file a reply, and the tribunal granted a final opportunity of ten days to file the reply with an advance copy to the opposite side. Any rejoinder must be filed before the next date.
Final Outcome
The tribunal reserved orders on applications IA/1429/2025 and IA/519/2026. Applications IA/559/2026 and IA/574/2026 were adjourned for further consideration on 29.06.2026, with specific timelines set for filing replies and rejoinders. The matter remains pending before the NCLT.
Topics: Corporate Insolvency, NCLT Proceedings, Debt Recovery