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BLUSMART CASE
ICAI set to constitute group to expedite IndusInd, Gensol casesThe Institute of Chartered Accountants of India will form a special team to speed up investigations into alleged accounting and auditing is...- NCLT admits insolvency case against Blu-Smart Mobility TechThe National Company Law Tribunal has admitted an insolvency case against Blu-Smart Mobility Tech. This follows a plea from Lepton Software...
- Electric cab startup Evera in talks with Gensol to lease 1,000 carsGensol had initially considered selling the cars. But Evera has proposed leasing them instead. The IRP, Keshav Khaneja, along with the CoC,...
- NCLT Ahmedabad bench admits insolvency petitions against Blusmart MobilityThe bench has appointed a resolution professional after concluding that the company has not paid around Rs 1.28 crore in dues against one o...
- Gensol defaults on BluSmart-linked bond repayment for MayGensol Engineering, linked to BluSmart's founders, has defaulted on Rs 4 crore in payments to its pass-through certificate (PTC) holders, i...
- Crisis-hit Gensol defaults on May payment of BluSmart cabs loansGensol Engineering, linked to BluSmart founders, has defaulted on payments to its PTC holders. The default amount is around ₹4 crore. Repay...
- Death of the sustainability poster child: What does it teach us?BluSmart, an electric vehicle cab service, shut down due to financial mismanagement. The company's failure raises concerns about oversight ...
- Evera Cabs initiates repossession of 500 electric cabs earlier operated by BluSmartEvera Cabs is repossessing 500 electric cabs from BluSmart, having already acquired 220 vehicles, aiming to strengthen its position in airp...
- Delhi HC bars Gensol, BluSmart from creating rights over leased EVs amid financial irregularitiesThe Delhi High Court has barred Gensol Engineering and BluSmart from creating third-party rights over 95 Tata EVs leased by Clime Finance, ...
- Delhi HC bars Gensol Engineering and BluSmart Mobility from alienating EVs leased from OrixThe Delhi High Court has restrained Gensol Engineering and BluSmart Mobility from alienating 175 electric vehicles leased by Orix, a Japane...
- BluSmart faces audit; Ather's investor gainsBluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
- BluSmart bust makes investors rewrite the fine printFollowing financial irregularities at Gensol Engineering and BluSmart, investors are tightening investment contract terms. Lawyers indicate...
- Next in Gensol crisis; No-go for China in India’s electronicsLenders to Gensol are getting jittery as the company’s troubles compound. This and more in today’s ETtech Top 5.
- Money stuck in BluSmart wallet? Here are your options for claiming a refund or withdrawalBluSmart customers are facing issues with withdrawing money from their wallets amid concerns about the company's future. Despite the app's ...
- BluSmart crisis: Green mobility’s red flag is giving HNIs bond bluesThe bondholders’ concerns stem from cash-strapped BluSmart’s failure to raise $50 million in a fresh round and an ongoing probe by markets ...
- BluSmart bond holders may invoke immediate repayment provisionsBluSmart Mobility, which raised approximately Rs 100 crore through non-convertible debentures (NCDs) from high-net-worth individuals and re...
- BluSmart: Wallet worries for customers as EV ride-hailing service screeches to a sudden haltBluSmart, an EV ride-hailing service, faces disruption following a Sebi order against its promoters for alleged fund misallocation. Users h...
- BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai as cofounder under Sebi lensBluSmart operations remained suspended on Thursday across Delhi-NCR, Bengaluru, and Mumbai amid a Sebi probe into cofounder-linked Gensol o...
- End trip for BluSmart? Behind the EV ride-hailing company’s deepening crisisGensol’s debt crisis forces it to sell 3,000 EVs, impacting BluSmart, which faces declining rides and competition from Rapido. Leadership e...
- Gensol Engineering to manufacture electric reverse trikeThe vehicles with two wheels in the front and one in the back will be produced at a 30,000-unit-a-year facility at Chakan, Maharashtra
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