IREDA may auction Gensol's EV fleet leased to BluSmart: Report
Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency (IREDA) could auction Gensol Engineering's EV fleet leased to BluSmart, the ET reported. The public sector lenders fear that Gensol could default on loans it took to acquire the EVs. SEBI is probing Gensol founders Anmol and Puneet Singh Jaggi over alleged fund diversion.