Amidst ride-hailing company BluSmart Electric Mobility’s ongoing insolvency proceedings, claims worth over Rs 500 crore have been reportedly filed by over 200 applicants. The company, which was accused of corporate governance lapses and loan diversions, had insolvency proceedings initiated against it on July 29, following a plea by financial creditor, Catalyst Trusteeship, was admitted by the National Company Law Tribunal (NCLT) Ahmedabad under the Insolvency and Bankruptcy Code (IBC).
Key Creditors Stake Major Claims
According to Ritesh Kumar Adatiya of NPV Insolvency Professionals Private Limited, the appointed interim resolution professional (IRP), the estimated ticket size of the claims ranges from institutional creditors to…