The National Company Law Tribunal (NCLT) on Tuesday issued notices to electric vehicle (EV) ride-hailing startup BluSmart Mobility Ltd and Gensol Engineering Ltd on three new insolvency petitions by financial creditors over alleged unpaid dues.
Spectrum Trimpex Pvt. Ltd and Catalyst Trusteeship Ltd moved the tribunal under Section 7 of the Insolvency and Bankruptcy Code (IBC) against BluSmart over unpaid dues worth ₹1 crore each.
Equentia Financial Services Pvt. Ltd claimed that Gensol Engineering owed it around ₹9 crore.
The NCLT’s Ahmedabad bench has directed both companies to file their responses within seven days.
Separately, the tribunal adjourned the hearing on an earlier insolvency plea filed by the Indian Renewable Energy…
