<ul><li>NCLT issued notices to BluSmart Mobility and Gensol Engineering on fresh insolvency petitions by creditors over alleged unpaid dues.</li><li>Spectrum Trimpex Pvt. Ltd and Catalyst Trusteeship Ltd moved NCLT against BluSmart for unpaid dues of INR 1 Cr each, while Equentia Financial Services Pvt Ltd claimed Gensol Engineering owed it around INR 9 Cr.</li><li>NCLT directed BluSmart and Gensol to file their responses within a week; also froze and attached bank accounts and lockers of Gensol Engineering based on a Ministry of Corporate Affairs petition citing systemic fraud.</li><li>NCLT adjourned the hearing on IREDA's insolvency plea against Gensol over a default of INR 510 Cr, with Gensol alleged to have borrowed INR 977.75 Cr from IREDA and PFC, misusing funds for personal gains as per SEBI interim order.</li></ul>

NCLT Notices To BluSmart, Gensol On Fresh Insolvency Petitions

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