NCLT begins insolvency process of ReGen Powertech
Bengaluru: A tribunal has started insolvency proceedings in the case of Chennai-based wind turbine manufacturer ReGen Powertech, emphasising the dire times the wind energy sector is passing through.
The National Company Law Tribunal ordered the commencement of a corporate insolvency resolution process of ReGen Powertech on December 9, the interim resolution professional said in a notice dated December 13 in the Times of India.
“This does not come as a surprise… They have not been able to ramp up their order book since 2017,” said an industry expert.
