Delhi High Court Grants Relief in High-Stake EV Leasing Dispute Involving Blu-Smart and Gensol
We are pleased to share that the Delhi High Court, in the matter titled SMAS Auto Leasing India Private Limited v. Gensol Engineering Limited & Ors., granted urgent interim relief to our client, SMAS Auto Leasing India Pvt. Ltd., protecting its interest in a fleet of leased electric vehicles (EVs).
The matter was heard before the Hon’ble Ms. Justice Jyoti Singh (Court No. 46), where SMAS sought interim measures under Section 9 of the Arbitration and Conciliation Act, 1996, against Gensol Engineering Limited, its affiliate Blu-Smart Fleet Pvt. Ltd., and their promoters.
The dispute arises from two Master Lease Agreements executed in 2021 and 2022, under which SMAS leased 210 EVs to Gensol and Blu-Smart. After both entities defaulted on their lease payment obligations in April 2025—amidst regulatory scrutiny and a SEBI interim order alleging fund siphoning and governance lapses—SMAS approached the Court seeking urgent protection.
The Hon’ble Court, acknowledging the seriousness of the matter and the rapid depreciation of EVs, restrained the Respondents from alienating, encumbering, or dealing with the leased vehicles. The Court also appointed a Receiver for inspection and upkeep and directed full cooperation from the Respondents in identifying the location of the vehicles.
Mr. Rajshekhar Rao (Sr advocate) and Mr. Mayank Pandey (Advocate) were instructed by:
Aditya Bhattacharya (Partner, KSK)
Simran Tandon (Associate Partner, KSK)
Sarthak Miglani (Associate, KSK)
We are proud of the KSK team’s strategic intervention in securing critical interim relief for our client.
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