BluSmart follows Gensol group firms into insolvency after ₹1.28 cr default
The dispute with the financial creditor began after BluSmart Mobility raised ₹150 crore through 15 non-convertible debentures in April 2023, with Catalyst Trusteeship as the debenture trustee. BluSmart was to start repaying the principal by 30 April 2023, but unilaterally deferred it to 31 May.
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