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Asset freeze: NCLAT denies relief to Gensol

Agencies / Updated: Jun 05, 2025, 01:19 IST
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The National Company Law Appellate Tribunal (NCLAT) has refused to halt the NCLT's order to freeze the assets of Gensol, its promoters, and related entities. Two Gensol Group companies, BluSmart Premium Feet and Matrix Gas and Renewable, have been instructed to appeal to the Ahmedabad NCLT bench.
Asset freeze: NCLAT denies relief to Gensol
NEW DELHI: National Company Law Appellate Tribunal (NCLAT) on Wednesday declined to stay NCLT order directing to freeze assets of Gensol, its promoters, and related entities. It has directed two Gensol Group entities - BluSmart Premium Feet and Matrix Gas and Renewable - to approach Ahmedabad bench of the National Company Law Tribunal NCLT with their plea, where the matter has been listed for hearing on June 12.Passing an order on plea filed by the ministry of corporate affairs, a vacation bench of NCLT had on May 28 directed to freeze assets of Gensol, its promoters, and related entities. agencies

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