Delhi HC Orders Seizure Of 129 BluSmart EVs

STCI Finance, one of the lenders of Gensol Engineering filed a civil suit against the EPC company seeking to recover INR 11.25 Cr

The lender also seeked to restrict the Jaggi brothers-led entity from creating third party rights for 129 EVs

The development comes two days after the Delhi HC had barred Gensol and BluSmart from creating third-party rights over 220 EVs in a separate order

The Delhi High Court has ordered seizure and relocation of 129 electric vehicles leased by Gensol Engineering to ride-hailing startup