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HC bars Gensol, Blusmart from selling 95 leased EVs
Mint Bangalore
|April 30, 2025
Restrains firms, promoters from transferring EVs amid lease default row with Clime Finance
The Delhi High Court Tuesday barred Gensol Engineering Ltd and BluSmart Mobility Pvt. Ltd from transferring, selling, or creating any third-party rights for 95 electric vehicles (EVs) leased to them by climate financier Clime Finance Pvt. Ltd.
Justice Jyoti Singh, while issuing a notice to Gensol, BluSmart, and their promoters, said a court-appointed receiver would take custody of the EVs to ensure their upkeep, especially battery maintenance. No one appeared for Gensol at the hearing.
"This court deems it appropriate to appoint a receiver, who shall take charge of the vehicles and ensure that they are properly charged to avoid drainage of the batteries," the court said. However, the cars will not be moved from their current locations.
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