Mahindra & Mahindra Financial Services Limited (MMFSL) filed an application under Section 60(5) of the IBC, 2016, seeking directions for the disclosure of location and handover of 17 electric vehicles. MMFSL had leased a total of 419 vehicles to Gensol Engineering Limited (Corporate Debtor) and Blu-Smart Mobility Limited, claiming absolute ownership. The lease agreements were terminated on 18.03.2025, prior to the Corporate Debtor's admission into CIRP on 13.06.2025. While 291 vehicles were recovered, 17 remained in the Corporate Debtor's possession. Indian Renewable Energy Development Agency Limited (IREDA) intervened, claiming a prior security interest over the same vehicles through hypothecation, alleging dual financing. Go Auto Private Limited, the vehicle

Mahindra & Mahindra Financial Services Limited (MMFSL) filed an application under Section 60(5) of the IBC, 2016, seeking directions for the disclosure of location and handover of 17 electric vehicles. MMFSL had leased a total of 419 vehicles to Gensol Engineering Limited (Corporate Debtor) and Blu-Smart Mobility Limited, claiming absolute ownership. The lease agreements were terminated on 18.03.2025, prior to the Corporate Debtor's admission into CIRP on 13.06.2025. While 291 vehicles were recovered, 17 remained in the Corporate Debtor's possession. Indian Renewable Energy Development Agency Limited (IREDA) intervened, claiming a prior security interest over the same vehicles through hypothecation, alleging dual financing. Go Auto Private Limited, the vehicle