Last Updated:
The NCLT in Ahmedabad has admitted Catalyst Trusteeship’s petition against BluSmart Mobility for defaulting on dues of Rs 1.28 crore, initiating CIRP.
ccording to the shared court order copy, the tribunal said that Gensol had failed to maintain financial discipline, citing defaults on 31 March, 19 April, and 12 May 2025.
The National Company Law Tribunal (NCLT) in Ahmedabad has admitted a petition filed by Catalyst Trusteeship against BluSmart Mobility for defaulting on dues worth approximately Rs 1.28 crore. The order marks the initiation of the corporate insolvency resolution process (CIRP) against the electric cab operator, with NPV Insolvency Professionals Private Ltd appointed as the Interim…