BluSmart Insolvency: 200 Applicants Stake Claims Worth INR 500 Cr For Assets

BluSmart Insolvency: 200 Applicants Stake Claims Worth INR 500 Cr For Assets

Nearly a month after the Ahmedabad bench of the National Company Law Tribunal (NCLT) had admitted an insolvency plea against BluSmart over unpaid financial obligations totalling INR 1.28 Cr, around 200 applicants have likely staked claims worth about INR 500 Cr for the assets of the EV ride-hailing startup. An NDTV Profit report said that Catalyst Trusteeship leads with claims of INR 250 Cr, followed by the Indian Renewable Energy Development Ag…