Archive · 19 Jun 2025
Gensol Engineering: NCLAT Orders NCLT to Review Probe Petition
A former director of Gensol Engineering, Harsh Singh, is in a legal battle.
He's challenging an order for an investigation into people connected to the company.
The NCLAT told another court, the NCLT, to make a decision about Singh's request.
Singh has two days to ask the NCLT to stop the investigation while they decide.
The investigation was ordered after the company's co-founders were accused of misusing funds.
Singh left the company's board after this was announced.
NCLAT directed NCLT to rule on a petition from a former Gensol director.
Harsh Singh, ex-director, is challenging a probe ordered by NCLT.
The NCLAT gave Singh two days to request a stay on the NCLT's ruling.
NCLT had previously ordered a probe into individuals linked to Gensol.
Singh's resignation followed SEBI's allegations of fund misuse.
- Who
- Harsh Singh, a former independent director of Gensol Engineering.
- What
- NCLAT instructed NCLT to rule on a petition regarding a probe into individuals connected to Gensol Engineering.
- When
- The NCLAT order was dated June 16, with the next NCLT hearing on June 19, 2025.
- Where
- National Company Law Appellate Tribunal (NCLAT) and National Company Law Tribunal (NCLT) in India.
- Why
- Singh is challenging a directive to probe individuals linked to the company following allegations of fund misuse.
SEBI
Harsh Singh
Fund Misuse
SEBI
Alleged misuse and diversion of company funds.
Harsh Singh
NA
- Company
- Gensol Engineering
- Former Director
- Harsh Singh
- Tribunal
- NCLAT
- Next Hearing
- June 19, 2025
- Allegation
- Misuse of funds
- Regulator
- SEBI