Prøve GULL - Gratis
Delhi HC orders seizure of 129 Gensol EVs over lender petition
Mint Kolkata
|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.
Denne historien er fra May 10, 2025-utgaven av Mint Kolkata.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Kolkata
Mint Kolkata
Sberbank keen on India infra projects
Sberbank, Russia’s largest bank, is interested in partnership and participation in large-scale infrastructure projects in India.
1 min
December 03, 2025
Mint Kolkata
India’s Russian oil import dip temporary: Kremlin
India’s imports of Russian oil may decline for only “a brief period” as Moscow plans to boost supplies, using sophisticated technology to avert the impact of Western sanctions, Kremlin spokesperson Dmitry Peskov said on Tuesday.
1 min
December 03, 2025
Mint Kolkata
PSBs flag deposit rate woes on policy eve
portfolios highly sensitive to policy moves.
2 mins
December 03, 2025
Mint Kolkata
Torrent hires banks for $450 mn IPO
Torrent Gas Ltd has hired three banks for its planned initial public offering (IPO) that may raise as much as $450 million, according to people familiar with the matter.
1 min
December 03, 2025
Mint Kolkata
Youngsters lap up multiplex ticket discounts but shrink F&B spending
Urban, youth-centric films such as Saiyaara and FI: The Movie are setting cinema cash registers ringing, bringing returns for multiplexes that are trying to attract audiences with discounts and buy-one-get-one offers.
2 mins
December 03, 2025
Mint Kolkata
Swiggy plans to raise $1.1 bn in share sale next week
Food deliverer Swiggy Ltd is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.
1 min
December 03, 2025
Mint Kolkata
IndiGrid to acquire Gadag Transmission
IndiGrid on Tuesday signed an agreement to acquire an interstate transmission (ISTS) project in Karnataka for an enterprise value of ₹372 crore.
1 min
December 03, 2025
Mint Kolkata
Indonesia assigns $1 bn to Brics-led New Development Bank
Indonesia will assign $1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations.
1 min
December 03, 2025
Mint Kolkata
Gail’s challenges escalate with adverse tariff decision
A tariff setback and stubborn LNG prices have once again rattled Gail India investors.
1 mins
December 03, 2025
Mint Kolkata
Inspector raj rollback: Let's turn this small start into a crescendo
India has begun to clear up a regulatory thicket that should proceed apace to give all our businesses more space to breathe
3 mins
December 03, 2025
Listen
Translate
Change font size