Jaggi brothers: How the Gensol founders fell

Complaint Against Blusmart Founders' Firm For Alleged Document Fraud

Indian state-owned renewables lender filed a complaint with the Economic Offences Wing (EOW) against Gensol Engineering and begun an internal review over an alleged submission of falsified documents, it said on Friday.

Gensol EV Layoffs: BluSmart Parent Gensol Engineering Lays Off Remaining 100-Odd Employees Amid SEBI Probe, Will Shut Operations by April 30

Gensol EV will reportedly shut down by April 30, 2025, after laying off staff amid SEBI’s probe into alleged fund diversion and financial misconduct. Gensol EV Layoffs: BluSmart Parent Gensol Engineering Lays Off Remaining 100-Odd Employees Amid SEBI Probe, Will Shut Operations by April 30.

Jaggi brothers: How the Gensol founders fell

Gensol Engineering Ltd's downfall due to fund diversion by promoters Anmol and Puneet Jaggi, leading to SEBI probe.

Delhi HC Restrains BluSmart From Alienating 175+ EVs Leased From Orix

The Delhi High Court has reportedly restrained BluSmart and Gensol Engineering from alienating or creating third-party rights on 175+ EVs leased to them by Japanese financial services company Orix’s India arm. As per a report by Bar and Bench, the HC was hearing a petition filed by Orix under Section 9 of the Arbitration and Conciliation Act, 1996.  “Having heard the learned counsel for the petitioner, respondents are restrained from creating th…

Gensol EV to shut down amid financial misconduct probe

Gensol Electric Vehicles, the electric vehicle arm of Gensol Engineering, is set to wind up its operations by 30 April, 2025. The decision follows an ongoing investigation by the Securities and Exchange Board of India (SEBI), which is looking into allegations of financial irregularities within the parent company. The company recently laid off its remaining employees as part of the shutdown process. Around 100 staff members have been impacted, wi…

Gensol Engineering fall another 5%; drop for 12th day - GAGA INDIA

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