NCLT Issues Notices on Fresh Insolvency Petitions Against BluSmart and Gensol

​​The National Company Law Tribunal (NCLT) in Ahmedabad has served notices to BluSmart Mobility Ltd and Gensol Engineering Ltd due to new insolvency petitions filed by financial creditors alleging unpaid dues.

The petitions, filed by Spectrum Trimpex Pvt Ltd and Equentia Financial Services Pvt Ltd, have initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, with default amounts exceeding ₹1 crore.

The NCLT has ordered both companies to file their response within 7 days, adding to the financial and regulatory issues they face.

The tribunal has scheduled further hearings on the insolvency matters later this month.