Delhi HC curbs Gensol, BluSmart from creating third-party rights over 220 EVs leased to SMAS Auto, Shefasteq OPC

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In another setback for Gensol Engineering and electric ride-hailing startup BluSmart Mobility, the Delhi High Court on Wednesday restrained them from creating third-party rights over 220 additional electric vehicles (EVs) leased to them by two separate lessors — SMAS Auto Leasing India and Shefasteq OPC.SMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart, while Shefasteq had leased 10.

This is the third and fourth such petitions filed by lessors against Gensol and BluSmart for failing to make lease and fleet management payouts.

Justice Jyoti…



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Delhi HC curbs Gensol, BluSmart from creating third-party rights over 220 EVs leased to SMAS Auto, Shefasteq OPC


In another setback for Gensol Engineering and electric ride-hailing startup BluSmart Mobility, the Delhi High Court on Wednesday restrained them from creating third-party rights over 220 additional electric vehicles (EVs) leased to them by two separate lessors — SMAS Auto Leasing India and Shefasteq OPC.SMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart, while Shefasteq had leased 10.

This is the third and fourth such petitions filed by lessors against Gensol and BluSmart for failing to make lease and fleet management payouts.

Justice Jyoti…



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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