मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Delhi HC orders seizure of 129 Gensol EVs over lender petition
Mint Chennai
|May 10, 2025
The Delhi high court has ordered the seizure and relocation of 129 electric vehicles (EVs) leased by Gensol Engineering and ride-hailing startup BluSmart, over a petition by lender STCI Finance.
The lender alleged that the companies had defaulted on a ₹15 crore equipment loan and were attempting to unlawfully dispose of the financed assets.
Justice Manmeet Pritam Singh Arora, in her order on 8 May, barred Gensol and BluSmart from creating any third-party rights over the vehicles.
Citing an urgent risk of asset dissipation, the court appointed receivers to take custody of the vehicles and authorized them to arrange for their maintenance and charging to prevent deterioration.
The court also directed ICICI Bank to maintain status quo on a ₹40.62 lakh fixed deposit.
STCI Finance said Gensol made the deposit and pledged it as security for the loan.
यह कहानी Mint Chennai के May 10, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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