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The Delhi High Court has barred troubled Gensol Engineering and ride-hailing startup BluSmart from creating third-party rights over 220 additional EVs, taking the total number of EVs with such orders to 493.
According to a Bar and Bench report, the Delhi HC passed the order while hearing a petition filed by SMAS Auto Leasing and Shefasteq OPC. The companies accused Gensol and its related entity BluSmart of violating lease terms and defaulting on payments.
Justice Jyoti Singh appointed court…
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The Delhi High Court has barred troubled Gensol Engineering and ride-hailing startup BluSmart from creating third-party rights over 220 additional EVs, taking the total number of EVs with such orders to 493.
According to a Bar and Bench report, the Delhi HC passed the order while hearing a petition filed by SMAS Auto Leasing and Shefasteq OPC. The companies accused Gensol and its related entity BluSmart of violating lease terms and defaulting on payments.
Justice Jyoti Singh appointed court…
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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