NCLAT stops Gensol IRP from leasing out 152 EVs on lessor objection

The tribunal ruled that Gensol’s resolution professional cannot re-lease EVs whose contracts lapsed before insolvency, following objections from original lessor SMAS Auto. 

​The tribunal ruled that Gensol’s resolution professional cannot re-lease EVs whose contracts lapsed before insolvency, following objections from original lessor SMAS Auto.