{
  "id": 1986904,
  "title": "IREDA loan: CBI registers case against Gensol Engineering, BluSmart founders over ₹672-crore alleged loss",
  "url": "https://urgent.news/2026/08/19/ireda-loan-cbi-registers-case-against-gensol-engineering-blusmart",
  "topic": "world",
  "section": "World",
  "published": "2026-08-19T18:05:28.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/ireda-loan-cbi-registers-case-against-gensol-engineering-blusmart-founders-over-672-crore-alleged-loss/article71366523.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Central Bureau of Investigation (CBI) has registered a case against Gensol Engineering Limited and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, for allegedly causing a loss of ₹672.74 crore to the Indian Renewable Development Agency Limited (IREDA). The FIR alleges that IREDA suffered a loss of ₹453.77 crore due to outstanding principal amounts on loans given to Gensol Engineering and ₹218.97 crore due to Gensol EV Lease Limited. The loans were secured by the hypothecation of vehicles and a charge on lease rentals. The investigation also revealed fraudulent activities by the borrower and associated entities, and the Corporate Insolvency Resolution Process is currently ongoing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}