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BLUSMART INSOLVENCY
The Sleep Company appoints former Eternal exec Hemal Jain as CFOJain brings over two decades of experience spanning FMCG, food tech, quick commerce, B2B, and startup consulting. He previously served as g...- 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,...
- Sebi confirms ban on Gensol, Jaggi brothers in fund diversion caseThe regulator said Jaggi brothers, also cofounders of EV ride-hailing firm BluSmart Mobikity, would continue to be debarred from holding th...
- Lenskart's Rs 8,000 crore IPO; Layoff clouds over ITLenskart has filed its draft papers for an Rs 8,000 crore public offering. This and more in today's ETtech Top 5.
- 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...
- NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRPThe National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions f...
- NCLAT asks Gensol entities BluSmart and Matrix to approach NCLT on asset freezeThe NCLAT declined to immediately stay the NCLT's order freezing Gensol's assets, directing BluSmart and Matrix Gas to appeal to the Ahmeda...
- Gensol’s default; Ola’s dismal Q4Happy Friday! Gensol Engineering has failed to make repayments on bonds that used BluSmart taxis as collateral. This and more in today’s ET...
- 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...
- IREDA moves debt recovery tribunal against Gensol entities for over Rs 729 crore defaultIndian Renewable Energy Dev Agency Ltd (IREDA) has initiated legal action against Gensol Engineering Limited and Gensol EV Lease Pvt Ltd, f...
- Gensol CFO resigns, days after exit of promotersIn his resignation letter, available on stock exchanges, Aga said Gensol Engineering is currently facing significant challenges, with multi...
- NCLT to hear Ireda's insolvency plea against Gensol next month: ReportThe National Company Law Tribunal has issued a notice to Gensol Engineering after the Indian Renewable Energy Development Agency filed an i...
- Gensol Engineering shares hit 5% upper circuit for 4th day amid ongoing turmoilGensol Engineering's shares have surprisingly rallied despite facing significant regulatory and financial turmoil. The surge occurs amidst ...
- Gensol Engineering shares hit 5% upper circuit for 3rd day. Here's whyGensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, ...
- IREDA shares in focus after filing insolvency plea against Gensol Engineering over Rs 510 crore defaultIREDA has initiated insolvency proceedings against Gensol Engineering due to a Rs 510 crore loan default, part of a larger Rs 977.75 crore ...
- BluSmart fleet on the block, HCL-Foxconn semicon JVLenders and lessors are planning to sell EVs on the BluSmart fleet to recover their dues. This and more in today’s ETtech Morning Dispatch.
- Nearly 2,000 BluSmart EVs on the block as lenders, lessors look to recover moneyBluSmart faced financial issues and suspended operations. Now, lenders are trying to sell around 1,500-2,000 of its electric vehicles. Seve...
- Ireda files insolvency plea against Gensol over Rs 510 crore defaultIndian Renewable Energy Development Agency (Ireda) has initiated insolvency proceedings against Gensol Engineering due to a default of Rs 5...
- ETtech Deals Digest: Funding drought persists as startups raise just $1.06 billion in MayThe funding numbers for May were bolstered by late-stage investments in app development startup Builder.ai and Walmart-owned fintech major ...
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