Delhi HC curbs Gensol, BluSmart from creating third-party rights over 220 EVs leased to SMAS Auto, Shefasteq OPC

In another setback for Gensol Engineering and electric ride-hailing startup BluSmart Mobility, the Delhi High Court on Wednesday restrained them from creating third-party rights over 220 additional electric vehicles (EVs) leased to them by two separate lessors — SMAS Auto Leasing India and Shefasteq OPC.SMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart, while Shefasteq had leased 10.

This is the third and fourth such petitions filed by lessors against Gensol and BluSmart for failing to make lease and fleet management payouts.

Justice Jyoti…