I'm just a normal gu...ย โขย 10m
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.

I'm just a normal gu...ย โขย 10m
The Indian Renewable Energy Development Agency (IREDA) has filed an insolvency petition against BluSmartโs related entity and troubled engineering, procurement and construction (EPC) company Gensol Engineering. In a filing with the exchanges, IREDA
See More
I'm just a normal gu...ย โขย 11m
Gensol is facing additional challenges as its lenders, Power Finance Corporation (PFC) and the Indian Renewable Energy Development Agency (IREDA), are reportedly preparing to initiate legal proceedings to recover outstanding loans from the EPC compan
See More
Founder - Burn Inves...ย โขย 11m
After Gensol's fraudulent activities, even BluSmart has stopped taking bookings in many areas now. Gensol was a very important partner for them the majority of the vehicles that BluSmart had were leased to them by Gensol. Now, they're even having tro
See Moreย โขย
Dexter Capital Advisorsย โขย 1y
I wish media had reported why Blusmart/Gensolโs recent deal with Refex was called off 3 days ago ๐๐ Almost a lakh Gensol public shareholders and the many bondholders of Blusmart deserve answers. While the company has not shared the reason for canc
See More
ย โขย
Dexter Capital Advisorsย โขย 1y
Blusmart founderโs listed entity, Gensol, has claimed that it has received 30k pre-bookings for its three-wheel car, which was recently displayed at Bharat Auto Expo ๐๐ While thatโs making much noise, I am not as enthused about it for two reasons
See More
ย โขย
Dexter Capital Advisorsย โขย 11m
Sadly, the entire Gensol scam deepens. Jaggi orchestrated such big lies and scams. He claimed that: - Gensol had operationalised a EV manufacturing plant in Puneโs Chakan automotive industrial area - And that in Feb, the company had received pre-or
See More
ย โขย
ADJUVA LEGALยฎย โขย 11m
The Secret Weapon of Great Service? Clarity and Simplicity โจ Hello all! Time for another personal and highly practical business tip - Inspired by "Simplicity / Plain Language" - check my attached webpage We often get caught up in complex feature
See More
Entrepreneur | Build...ย โขย 12m
DOWNFALL OF BLUESMART Once one of the most innovative players in electric vehicle (EV) ride-hailing, BluSmart is now knee-deep in trouble. What went wrong? It started with a bold idea: an all-EV fleet to take on giants like Ola and Uber. Unlike its
See More
ย โขย
Dexter Capital Advisorsย โขย 11m
I hope I am not sued for this. Not alleging anything and can be 100% wrong. But I am scared that Bhavish & Ola Electric may building a Gensol <> Blusmart like shady ploy ๐๐ You see, I came down on this company called Turbo Fleet Aggregators, which
See More
Download the medial app to read full posts, comements and news.