News

NCLT, BluSmart and NPV Insolvency Professionals

NCLT admits BluSmart Mobility into insolvency
BENGALURU: The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore.
NCLT admits Blu-Smart Mobility for insolvency resolution
Catalyst Trusteeship files petition against Blu-Smart for default, NCLT appoints IRP, dismisses other petition, admits Gensol Engineering for insolvency.
NCLT Ahmedabad admits BluSmart into insolvency over ₹1.28 crore default
NCLT Ahmedabad admits BluSmart Mobility into insolvency after defaulting on ₹1.28 crore loan; interim resolution professional appointed
NCLT admits insolvency plea against BluSmart Mobility over ₹1.28 crore default
The National Company Law Tribunal (NCLT) at Ahmedabad has admitted BluSmart Mobility Limited into the Corporate Insolvency Resolution Process (CIRP) following a
Insolvency petitions against Blusmart Mobility admitted by NCLT Ahmedabad
NCLT Ahmedabad has admitted an insolvency plea against BluSmart Mobility over a Rs 1.3 crore loan default. Catalyst Trusteeship filed the petition, and NPV Insolvency has been appointed as IRP. A moratorium is now in effect as CIRP begins for the EV cab-hailing startup.
NCLT Ahmedabad Admits Insolvency Proceedings Against BluSmart Over INR 1.28 Cr Default
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against electric vehicle ride-hailing startup BluSmart over unpaid financial obligations totalling INR 1.
BluSmart enters insolvency proceedings amid corporate governance challenges
Indian electric cab service BluSmart has entered insolvency proceedings as corporate governance challenges mount after a regulatory investigation found its co-founder allegedly diverted and misused funds meant to buy cars,
NCLT invalidates Saraswathi shares transfer, gives relief to Jagan
Hyderabad: In a huge relief to AP former chief minister YS Jagan Mohan Reddy, National Company Law Tribunal (NCLT) at ...
Bank of India identifies 3-4 NPAs to transfer to NARCL by Q3FY26
State-owned lender, Bank of India identified three or four non-performing loans accounts (NPA), that the lender plans to ...
NCLT allows ex-Andhra CM Jagan to cancel transfer of Saraswati Power shares to sister, mother
When contacted, K Devi Prasanna Kumar, Sharmila's advocate said they will file an appeal against the order either in ...
Jagan scores NCLT victory against Sharmila in dispute over shares
HYDERABAD: In a significant legal victory, Andhra Pradesh former Chief Minister YS Jagan Mohan Reddy has secured a favourable ...
YourStory15h
BluSmart files for insolvency amidst mounting corporate governance challenges: Report
The move comes almost three months after BluSmart halted cab bookings amidst SEBI issuing an interim order against Gensol ...
Press Trust of India on MSN16h
NCLT allows Jagan's plea to cancel transfer of Saraswati Power shares to sister, mother
In a relief to YS Jagan Mohan Reddy, the NCLT on Tuesday allowed a petition filed by the former Andhra Pradesh Chief Minister seeking a direction to cancel the "illegal transfer" of shares held by him ...
Devdiscourse1d
CBI Investigates Individual Conduct at NCLT Mumbai
The CBI is investigating allegations of individual misconduct reported from the NCLT Mumbai Bench. Minister Harsh Malhotra informed the Lok Sabha that the investigation focuses on personal conduct, ...
Setback to lenders: NCLT replaces RP in Anil Ambani's loan guarantee case
In a setback for lenders, the National Company Law Tribunal (NCLT) has replaced Jitender Kothari with Prashant Jain as the ...