New Delhi, May 28 -- Gensol Engineering's subsidiary, Param Renewable Energy, has been taken to the Delhi high court by electric vehicle lessor SMAS Auto Leasing India Private Ltd. The petition sought the appointment of a court-appointed receiver to take custody of the vehicles.
SMAS Auto also asked the court to direct the company to disclose, via affidavit, all movable and immovable assets, including bank accounts, they own or have an interest in, as per the petition, which was reviewed by Mint.
In addition, SMAS Auto has urged the court to direct Param Renewable to disclose the current locations of the leased EVs.
"Issue an ex-parte ad-interim injunction restraining the Respondents from alienating, transferring, or encumbering their ...
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