BluSmart: BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai as cofounder under Sebi lens

BluSmart operations remained suspended on Thursday across Delhi-NCR, Bengaluru, and Mumbai amid a Sebi probe into cofounder-linked Gensol over fund misuse. Over 8,000 cabs are offline, affecting drivers and customers. Refunds may take up to 90 days. Sebi alleges ₹262 crore meant for EVs was diverted, sparking major concerns and backlash.