MCA examining SEBI order on Gensol, to take ‘necessary action’

MCA examining SEBI’s interim order against Gensol Engineering for fraud, may refer case to SFIO. Investigation to look into RPTs, diversion of funds, and role of independent directors. SEBI found Gensol submitted forged documents to mislead regulators, lenders, and investors. Funds used for personal expenses and buying luxury apartment.