Insolvency plea against gensol: Jansol, trapped in the money of money, has now reached the verge of bankruptcy. The Indian Renewable Energy Development Agency (Ireda) said on Wednesday that it has filed a petition for insolvency at the National Company Law Tribunal against Jansol Engineering in crisis.

This is being seen for the first time when action has been taken by a lender against Jansol for such legal action. IRDA, under the Ministry of New and Renewable Energy, told the stock market that on May 14, 2025, Jansol Engineering Ltd. An application has been filed against the Insolvency and Debt Removal Disability Code, 2016 against the Insolvency and Section Seven.

Jansol will be bankrupt!

The stock of this company was a record of Rs 2390 in 2023, which has come down to Rs 59 in two years. After the news of the bankruptcy of this company, its stock may fall further. Jansol Engineering is a listed company and has launched a lapse of about Rs 510 crore. Market regulator SEBI last month banned Jansol Engineering and Promoters… Anmol Singh Jaggi and Puneet Singh Jaggi… in an interim order of funds, rigging and operation of funds from securities markets till further orders.

According to the information given to the stock market, Jaggi brothers resigned from the company on May 12 after the interim order of SEBI. Meanwhile, Jansol Engineering said on Wednesday that the Securities Appellate Tribunal (SAT) has settled her appeal.

Action took place after rigging

However, the company is allowed to file its reply on SEBI’s interim order, in which the company and its promoters were banned from the securities market. In the information given to the stock market, the company said that the appeal filed by it before the set has been settled. He has got an opportunity to file his reply on SEBI’s interim order within two weeks.

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Gensol engineering shares fall: Jansol engineering shares are seeing a huge decline. The company has told the stock exchange that the stocks have fallen faster on Tuesday after a search in their Gurgaon and Ahmedabad offices by the Enforcement Directorate (ED).

There is a lot of pressure on the shares of the company and there is a lot of selling in it, due to which its price has come down to the 51 -week low of 81.36. The Jansol stock seems to have a 50 percent decline within just one month and there has been a decline of 90 percent within six months. That is, about 90 percent of the capital has been submerged from the record high of investors.

Jensol’s stock falls drastically

On Monday, Jansol said that the ED raided her office premises on 27 April and seized several documents, electronic devices and financial records. The company also told the stock exchange that after the action of ED, its financial impact has not been known yet.

Significantly, earlier this month, SEBI had increased the monitoring by raising its concern over Jansol Engineering about the company’s activities. On April 15, several action was taken by SEBI on Jansol and the company was accused of spending the individual luxurious things taken for the purpose of business.

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Gensol engineering scam: Securities and Exchange Board of India (SEBI) has taken strict action against Jansol Engineering and its promoters Anmol Singh Jaggi and Puneet Singh Jaggi. They have been accused of misusing funds in Jansol engineering, giving misleading information to manipulate the stock market.

Strict action of SEBI on Jansol

In an interim order on Tuesday, SEBI has stopped stocking this solar power consultancy firm as well as both promoters from holding the post of promoters. Apart from this, they have also been stopped from doing any kind of transaction in the stock market. Let us know that Jansol Engineering recently announced 1:10 Stock Split. SEBI will now appoint an auditor to detect the financial activities of the company and conduct a thorough investigation, who will have to submit its investigation report within six months. SEBI will now appoint an auditor to detect the financial activities of the company and conduct a thorough investigation, who will have to submit its investigation report within six months.

What is the matter?

In fact, this company, which provides electric vehicle (EV) leasing and solar EPC services, took a loan of about Rs 977 crore from Ireda and Power Finance Corporation. Of these, 663 rupees were taken to buy EV. Later, when it was investigated, it was found that the company bought only 4,704 electric vehicles, while the rest of the fund worth about Rs 207 crore was diversified elsewhere. It is alleged that the promoters used the funds to spend their personal expenses.

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