NCLT Ahmedabad partially allows Resolution Professional's application, directing EC Wheels India to return remaining leased electric vehicles.
Tribunal declines to adjudicate disputed monetary claim of ₹1.79 crore, leaving parties to pursue claims through appropriate legal channels.
Court allows EC Wheels' application to file arbitration notice but clarifies arbitral proceedings cannot proceed during CIRP moratorium.
Order finds 78 of 83 leased EVs already returned, with only 5 vehicles pending due to insurance and repair formalities.
NCLT Directs EC Wheels Return Gensol EVs
Court / NCLT / NCLAT Matter
Price while announcement
Current price (CMP)