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IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURT -1, AHMEDABAD ITEM No. 303- [A/1294(AHM)2025 in C.P.{IBY/195(AHM)2025 Under Sec 60(5) of IBC 2016 r/w Rule 11 of NCLT Rules 2016 IN THE MATTER OF:

Mahindra and Mahindra Financial Services Limited ........ Applicant V/is Keshav Khaneja RP for Gensol Engineering Limited & Anr ...Respondents Order delivered on: 20/08/2026 CORAM:

MR. SHAMMI KHAN, HON'BLE MEMBER (J)

MR. SANJEEV SHARMA, HON'BLE MEMBER (T)

ORDER {Hybrid Mode)

The case is fixed for pronouncement of order. The order is pronounced in the open court, vide separate sheet.

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SANJEEV SHARMA “SHAMMI KHAN MEMBER (TECHNICAL) MEMBER (JUDICIAL)

BEFORE THE ADJUDICATING AUTHORITY - NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURET- I, AHMEDABAD IA/1294(AHM)2025 in C.P.(IB)/ 195(AHM)2025 In the matter of: Gensol Engineering Limited (An application filed under Section 60(5) of the Insolvency and Bankruptcey Code, 2016, read with rule 11 of NCLT Rules, 2016)

In the matter of:

Mahindra & Mahindra Financial Services Limited Having its registered address at:

Gateway Building, Apollo Bunder, Mumbai, Maharashtra - 400001 Email Id: nishant.tyagi@mahindrafinance.com .... Applicant VERSUS

1. Mr. Keshav Kaheja Resolution Professional for Gensol Engineering Limited Having its registered address at:

C-7, Parth Apartment, Ramdev Nagar, Satellite Opposite Sukomal, Ahmadabad, Gujrat - 380015 Email Id: Khanejakesh@gmail.com

2. Indian Renewable Energy Development Agency Limited Having its registered address at: 18th Floor, Core 4-A, East Court, India Habitat Centre, Lodhi Road, New Delhi - 110003 Also, at Corporate office:

3rd Floor, August Kranti Bhawan, Bhikaji Cama Place, New Delhi — 110066 Email ID: madhurbajai@ireda.in

3. Go Auto Private Limited Having its registered address at:

A-231 , Okhla Industrial Area Phase-1, South Delhi, New Delhi, Delhi, India - 110020 Emaild: info@automotivesindia.com .... Respondents AND IN THE MATTER OF: Indian Renewable Energy Development Agency Limited ... Financial Creditor Versus Gensol Engineering Limited ... Corporate Debtor Order Pronounced On: 20.08,2026 CORAM:

SH. SHAMMI KHAN, HON’'BLE MEMBER (JUDICIAL)

SH. SANJEEV SHARMA, HON’BLE MEMBER (TECHNICAL)

APPEARANCE:

For the Applicant : Mr. Sharad Tyagi, Mr. Samarth Gogia, Advocates & Ms. K. Gayatri Advocate For the Respondent : Mr. Monark Gahlot, & Mr. Aditya Bihani, Advocates, Ms. Srideepa Bhattacharyya, Advocate Ms. Neha Shivhare, Advocate & Mr.

Shrrijiet Roychowdhary, Advocate Mr. Keshav Khaneja, RP in person for R-1 Mr. Apoorav Sarvaria, & Ms. Yashika Sarvaria, Advocate & Ms. Khusboo Sharma, Advocates for R-2/ IREDA Mr. Tushar Agarwal, & Mr. Manu Kapila, Advocates for Respondent No.

3/ Go Auto ORDER (Per: Bench)

1. This IA/1294(AHM)2025 in C.P.(IB)/195(AHM)2025 was filed on 17.10.2025 (through e-mode), by Mahi_ndra & Mahindra Financial Services Limited (herein after referred to as “Applicant”) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 11 of NCLT Rules, 2016 seeking following reliefs: -

a. Direct the Respondent to forthwith disclose the locationfs) and present status of 17 {Seventeenj vehicles belonging to the Applicant which are under the unlawful possession of the Corporate Debtor at some unknown place;

b. Direct the Respondent to immediately handover possession of the said 17 (Seventeen] vehicles to the Applicant within a period of 15 (Fifteen} days or such time as this Hon'ble Court may deem fit and proper:

c. Direct the Respondent to ensure that until possession of the said 17 (Seventeen) vehicles is handed over, the same are maintained in safe place and kept adeqguately charged, being electric vehicles, to avoid irreparable damage and depreciation;

d. Pass any other order / direction as may be deemed fit and proper in the present facts and circumstances, in the interest ofj ustice.

2. The Applicants have placed the facts through this [.A. in the following manner:-

2.1. It is submitte