<ul><li>Arun Menon, independent director of Gensol Engineering, has resigned.</li><li>He expressed concern about leveraging the company's balance sheet to fund other businesses and the sustainability of high debt costs.</li><li>His resignation came after Sebi barred Gensol Engineering and its promoters from the securities market due to fund diversion and governance lapses.</li><li>Sebi will appoint a forensic auditor to examine the company's books of accounts.</li></ul>

Gensol Engineering independent director Arun Menon resigns

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