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No 3rd-party rights on more EVs: HC to Gensol, BluSmart
Mint Mumbai
|May 08, 2025
SMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart under separate master lease agreements
In another legal setback for Gensol Engineering Ltd and electric ride-hailing startup BluSmart, the Delhi High Court on Wednesday barred the companies from creating third-party rights over 220 additional electric vehicles (EVs) leased from lessors.
Justice Jyoti Singh issued the order while appointing court receivers to take possession of the vehicles. However, the court denied the two lessors' request for repossession, stating that it does not fall within the ambit of Section 9 of the Arbitration and Conciliation Act, 1996, under which the petitions were filed.
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