Delhi HC bars Gensol, BluSmart from creating rights over leased EVs amid financial irregularities

The Delhi High Court on Tuesday restrained Gensol Engineering, Blu-Smart Fleet and Blu-Smart Mobility from creating third-party rights in respect of 95 Tata Xpres Electric Vehicles leased by Clime Finance.Justice Jyoti Singh appointed a receiver to secure, preserve, inspect, and take immediate possession of the 95 electric vehicles. However, the court said that the receiver will only take “deemed” charge of the electric vehicles and not move them from their existing spot and would be responsible for the upkeep of the vehicles, the judge added.

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