SOURCE : NEW18 NEWS
Last Updated:April 21, 2025, 16:34 IST
The order comes amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.
Last week, Sebi barred Gensol Engineering’s promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market for various violations.
The corporate affairs ministry on Monday said it will take necessary action in the Gensol Engineering matter after examining market regulator Sebi’s order against the company. Last week, Sebi barred the company’s promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market for various violations.
The order came amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.
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When contacted, the Ministry of Corporate Affairs (MCA) told PTI that it is examining the Sebi order in light of the provisions of the Companies Act, 2013.
“Necessary action would be taken accordingly,” the ministry said.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
