The Delhi High Court issued a restraining order against Gensol Engineering Limited and BluSmart Mobility, preventing them from transferring or creating third-party rights over 175 electric vehicles leased to them by Orix Corporation, a Japanese financial services company.
Orix Corporation had leased the electric vehicles to Gensol and BluSmart as part of a green mobility initiative. The lease agreements between the parties are central to the court's decision.
Orix Corporation, a leading Japanese leasing and financial services company, had entered into lease agreements with Gensol Engineering and BluSmart Mobility as part of a green mobility initiative.
Orix leasing and Blu Smart with Delhi high court
25 Apr 2025, 8:06 am
The Delhi High Court on Friday restrained Gensol Engineering Limited and BluSmart Mobility from alienating or creating third-party rights over 175 electric vehicles leased to them by Japanese financial services giant Orix.
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