Delhi HC Restrains BluSmart From Alienating EVs Leased From Orix

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SUMMARY

The Delhi High Court has restrained BluSmart and Gensol Engineering from alienating or creating third-party rights on 175+ EVs leased to them by Orix

The financial services’ provider moved the HC against the companies alleging breach of contractual terms, including default in lease payments

Orix had entered into lease agreements with Gensol and the EV ride-hailing startup as part of a green mobility initiative

The Delhi High Court has reportedly restrained BluSmart and…



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Delhi HC Restrains BluSmart From Alienating EVs Leased From Orix


SUMMARY

The Delhi High Court has restrained BluSmart and Gensol Engineering from alienating or creating third-party rights on 175+ EVs leased to them by Orix

The financial services’ provider moved the HC against the companies alleging breach of contractual terms, including default in lease payments

Orix had entered into lease agreements with Gensol and the EV ride-hailing startup as part of a green mobility initiative

The Delhi High Court has reportedly restrained BluSmart and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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