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Seizure And Relocation Of 129 BluSmart Vehicles Ordered: Delhi High Court

09 May 2025 4 min read

Seizure And Relocation Of 129 BluSmart Vehicles Ordered: Delhi High Court

The Delhi High Court on May 8, 2025, passed a significant interim order under Section 12A of the Commercial Courts Act, 2015, exempting pre-institution mediation due to urgency. The order came in response to a petition filed by STCI Finance Ltd, a registered non-banking financial company, against Gensol Engineering Ltd and its group entity BluSmart Mobility Pvt Ltd. The lender sought immediate protection of 129 electric passenger vehicles (EVs) after…

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