The Delhi High Court has ordered seizure and relocation of 129 electric vehicles leased by Gensol Engineering to ride-hailing startup BluSmart, following a petition by lender STCI Finance Ltd. STCI Finance, one of the lenders of the EPC company, filed a suit against Gensol, seeking to recover INR 11.25 Cr and also restraining the latter from creating any third party rights or interest for the EVs mentioned above.
Download the medial app to read full posts, comements and news.