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GENSOL GOVERNANCE FAILURE
Delhi High Court orders Gensol to hand over remaining EVs to Smas AutoThe Delhi High Court has directed Gensol Engineering's resolution professional to hand over remaining electric vehicles to Smas Auto Leasin...- 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...
- 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...
- NFRA probes Gensol's audit books after Sebi flags fraud, ICAI review underwayIndia’s audit regulator, NFRA, has launched a preliminary inquiry into Gensol Engineering’s books after SEBI flagged fraud allegations. The...
- Corporate governance crucial for curbing fraud, says MCA reportThe corporate affairs ministry has emphasized the importance of corporate governance to prevent fraud, protect investors, and maintain mark...
- Delhi HC halts Gensol & BluSmart 3rd party claims on 220 EVsThe Delhi High Court has further restricted Gensol Engineering and BluSmart Mobility from creating third-party rights over 220 additional E...
- Delhi HC curbs Gensol, BluSmart from creating third-party rights over 220 EVs leased to SMAS Auto, Shefasteq OPCSMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart, while Shefasteq had leased 10. Justice Jyoti Singh refused to direct repossessio...
- 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 appoints receiver to take charge of 95 EVs given to Gensol, BluSmart by Clime FinanceThe Delhi High Court appointed a receiver for 95 electric vehicles. These vehicles were leased to Gensol and BluSmart by Clime Finance. The...
- Gensol promoters, Anmol and Puneet Singh Jaggi, detained in a FEMA caseThe Enforcement Directorate raided Gensol Engineering Ltd, detaining co-promoter Puneet Singh Jaggi in Delhi, following a SEBI report alleg...
- 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...
- Gensol Engineering’s retail, FII holdings spiked weeks before Sebi crackdownWeeks before Sebi's crackdown on Gensol Engineering for fund diversion and corporate governance failures, retail and FII holdings significa...
- ICAI to probe books of Gensol, BluSmartThe Institute of Chartered Accountants of India (ICAI) will investigate Gensol Engineering and BluSmart Mobility's FY24 financial statement...
- BluSmart bust makes investors rewrite the fine printFollowing financial irregularities at Gensol Engineering and BluSmart, investors are tightening investment contract terms. Lawyers indicate...
- 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...
- Gensol Engineering independent director Arun Menon resigns after SEBI crackdownGensol Engineering and its promoters face Sebi action for alleged fund diversions. Independent director Arun Menon resigns, citing concerns...
- Promoters’ Piggybank: Sebi crackdown on Gensol sparks broader governance alarmSebi’s interim order against Gensol Engineering has spotlighted severe corporate governance lapses, fund diversion, and financial opacity. ...
- 'Expect higher bar': Sebi boss talks up governance after Gensol Engineering financial mismanagementSebi chief Tuhin Kanta Pandey stressed the need for robust corporate governance to protect investors, especially minority shareholders, fol...
- Gensol Engineering shares fall another 5%, stock nosedives 90% from peakGensol Engineering shares hit a fresh 52-week low, down 90% from peak, after Sebi barred its promoters for financial misconduct and governa...
- Anmol Jaggi and Ashneer Grover fund trails see overlapEmbattled Gensol Engineering promoter Anmol Singh Jaggi invested in BharatPe cofounder Ashneer Grover’s startup, according to the market re...
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