NCLAT Orders Status Quo on Gensol Engineering Vehicles

NCLAT orders status quo on 118 hypothecated electric vehicles held by STCI Finance Ltd. during Gensol Engineering's insolvency.
Tribunal lists appeal for final hearing on 06.05.2025, staying any sale or transfer of the vehicles until then.
Appeal challenges NCLT Ahmedabad's order rejecting STCI's application to sell the vehicles under its possession.