SEBI has upheld its interim direction barring the brothers from holding the position of director or key managerial personnel of the troubled company, which is a related entity of ride-hailing startup BluSmart
After SEBI released the interim order on April 15, Gensol unsuccessfully moved the SAT, filing a plea on May 7
The interim order triggered a crisis for Gensol, which is under bankruptcy proceedings. BluSmart, too, is undergoing insolvency proceedings now
About three months after issuing an interim order in the…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)