NCLT Ahmedabad directs Moeving Urban Technologies to return 124 leased electric vehicles to Gensol EV Lease's Resolution Professional within 15 days.
Tribunal partly allows RP's application under IBC Section 60(5), finding Moeving in default of Master Lease Agreement since January 2025.
Outstanding monetary claims of ~₹2.8 crore for unpaid rentals are left open for adjudication in appropriate forum, not resolved in this proceeding.
The CoC rejected Moeving's settlement proposal to revise lease terms at 40% of current rates during its 12th meeting in March 2026.