DRT Orders Gensol to Maintain Status Quo on Assets

Imagine a company called Gensol that has borrowed money from two big lenders, IREDA and Power Finance Corporation.

The lenders are worried because Gensol is having some problems.

Because of this, a special court called DRT told Gensol to not sell or change any of its important things, like its cars, until the court decides what to do.

IREDA and Power Finance Corporation are trying to get their money back.

IREDA is asking for over 510 crore, and over 218 crore from Gensol's other company.

Power Finance Corporation is trying to get back over 264 crore.

Another court will hear the case against Gensol on June 3.