NCLT Ahmedabad Admits Gensol-Linked Entity Blu-Smart Mobility Tech Into Insolvency

The order , dated October 14, 2025 marks yet another Gensol-linked entity facing insolvency proceedings, following the admission of Gensol Engineering and Blu-Smart Mobility Ltd. 

Gensol's co-founder Puneet Singh Jaggi was also admitted into insolvency a day before. 

The order was delivered by a coram comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma.

The Tribunal appointed Pawan Kumar Goyal as the Interim Resolution Professional (IRP) to take over the management of the Corporate Debtor during the insolvency.

The petition was filed by Lepton Software Export and Research Pvt Ltd, a reseller of Google Maps Platform services. The company claimed that Blu-Smart Mobility Tech had failed to pay for services rendered between April 2024 and April 2025 under the Google On-Demand Rides and Deliveries (ODRD) solution. Despite the expiry of the last formal agreement on September 30, 2024, the services continued on an ad-hoc basis.

Lepton submitted evidence of email acknowledgements and invoice requests by the Corporate Debtor, and stated that no response was received to the statutory demand notice issued in May 2025.

In its defense, Blu-Smart Mobility Tech argued that there was no enforceable agreement after September 2024 and that the invoices raised post-expiry were not legally binding. The company contended that only a limited amount (approximately ₹30.35 lakh) was due which was below the IBC's ₹1 crore threshold. The alleged that the petition was a disguised recovery attempt.

However, the Tribunal rejected these claims, observing that the Corporate Debtor had continued to avail services without objection.

“This conduct implies an ad-hoc continuation of the arrangement on the same terms, akin to an implied contract under Section 70 of the Indian Contract Act, 1872, or quantum meruit for services rendered and accepted as affirmed in Alopi Parshad & Sons Ltd. v. Union of India”

Further, the Tribunal confirmed that the operational debt, including interest, crossed the statutory threshold:

“The outstanding Operational Debt is of more than rupees one crore which meets the threshold limit as per section 4 of the Code and is well within the limitation for filing the present Petition. Moreover, the aforesaid said default is not covered under the period exempted under Section 10A of IBC, 2016.”

Accordingly, the Tribunal admitted the petition and declared a moratorium under Section 14 of the Code, staying all proceedings, asset transfers, and enforcement actions against the Corporate Debtor.

The IRP has been directed to assume control of the Corporate Debtor and manage the company as a going concern.

The Operational Creditor is required to deposit ₹5 lakh toward the initial CIRP costs.

The Bench also addressed the Corporate Debtor's contention that its parent company, Blu-Smart Mobility Limited (BSML) already under CIRP should shield it from parallel proceedings. Rejecting this, the tribunal clarified,

“However, the Corporate Debtor being a distinct legal entity, the proceedings against it cannot be stayed merely on account of the parent's insolvency unless there is a specific order for consolidation under Section 60(5)"

Case Title: Lepton Software Export and Research Private Limited v Blu-Smart Mobility Tech Private Limited

Case Number : CP (IB) No.261/9/AHM/2025

For Applicant: Advocate Aditya Yagnik

For Respondent: Advocate Monaal Davawala

Click here to read/download order