Delhi HC bars Gensol, BluSmart from creating rights over leased EVs amid financial irregularities

Share via:


The Delhi High Court on Tuesday restrained Gensol Engineering, Blu-Smart Fleet and Blu-Smart Mobility from creating third-party rights in respect of 95 Tata Xpres Electric Vehicles leased by Clime Finance.Justice Jyoti Singh appointed a receiver to secure, preserve, inspect, and take immediate possession of the 95 electric vehicles. However, the court said that the receiver will only take “deemed” charge of the electric vehicles and not move them from their existing spot and would be responsible for the upkeep of the vehicles, the judge added.

Last…



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.

Popular

More Like this

Delhi HC bars Gensol, BluSmart from creating rights over leased EVs amid financial irregularities


The Delhi High Court on Tuesday restrained Gensol Engineering, Blu-Smart Fleet and Blu-Smart Mobility from creating third-party rights in respect of 95 Tata Xpres Electric Vehicles leased by Clime Finance.Justice Jyoti Singh appointed a receiver to secure, preserve, inspect, and take immediate possession of the 95 electric vehicles. However, the court said that the receiver will only take “deemed” charge of the electric vehicles and not move them from their existing spot and would be responsible for the upkeep of the vehicles, the judge added.

Last…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Hugging Face releases a 3D-printed robotic arm starting at...

Hugging Face, the startup best known for the...

Some Amazon sellers skip Prime Day due to Trump...

Typically held in July, Prime Day has been...

Hoofprint Biome boosts cow nutrition while slashing methane burps

Sometimes, answering a long-standing problem is a matter...

Popular

Upcoming Events

Beijing to invest in blockchain, integrate into infrastructure

The Beijing city administration has announced a plan...

Animoca Brands opens its first Middle East office

Omar Elassar, formerly with Polkadot and Ripple, will...

Some Amazon sellers skip Prime Day due to Trump...

Typically held in July, Prime Day has been...
GdfFD GFD GFD GFD GFD GFD GFD