Tech
No Respite To Gensol As NCLAT Quashes Plea To Defreeze Assets
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SUMMARY
The NCLAT has dismissed petitions by Gensol-linked entities, BluSmart Premium Fleet and Matrix Gas, upholding an NCLT-ordered asset freeze
BluSmart Premium Fleet and Matrix Gas and Renewables have pleaded that their financial operations have come to a standstill and that the freeze is paralysing their ability to pay vendors and staff
The original freeze order was issued on May 28 by an NCLT Ahmedabad bench, following a plea filed by the Ministry of Corporate Affairs
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