Pranav B Prem

The National Company Law Tribunal (NCLT), Ahmedabad Bench has admitted Blu-Smart Fleet Pvt Ltd into the Corporate Insolvency Resolution Process (CIRP) after holding that the company had defaulted on an operational debt of ₹16.25 crore owed to Reliance BP Mobility Limited. The order marks another insolvency proceeding within the Blu-Smart group, which includes Blu-Smart Mobility Ltd — the flagship electric ride-hailing entity — already undergoing CIRP.

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A Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma found that the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 met all statutory requirements, and the operational debt and default stood clearly established. The Tribunal took note of the Electric Vehicle Charging Service Agreement dated April 1, 2024, under which Reliance BP Mobility provided Blu-Smart Fleet access to EV charging stations built exclusively for its use. The creditor claimed that invoices for electricity usage between February and April 2025 and charges for replacement of spares and damage to charging infrastructure remained unpaid beyond the agreed credit period.

Reliance BP Mobility submitted bank statements, copies of invoices (both paid and unpaid), invoice requests generated by the corporate debtor, and an affidavit stating that none of the invoices had been disputed by Blu-Smart Fleet prior to the statutory demand notice dated August 26, 2025. The operational creditor also produced GSTR returns to support that the services were supplied, utilised and billed.

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Blu-Smart Fleet argued that it was wholly owned by Blu-Smart Mobility Ltd and that the group’s financial distress caused delays in payment. It claimed that certain invoices and interest components created a pre-existing dispute and contended that the petition should not be admitted. The company also pointed to alleged deficiencies in charging infrastructure and asserted that damages and interest charges were contested.

Rejecting these submissions, the Tribunal observed that the agreement between the parties was not disputed, that the invoices were accepted until the issuance of the demand notice, and that the corporate debtor had acknowledged receipt of services. The Bench held that the debt was above the statutory threshold and that the petition — filed on September 10, 2025 — was within limitation, as the default occurred on April 1, 2025. It found that the defences raised were not supported by cogent proof and did not amount to a pre-existing dispute under Section 9(5)(ii)(d).

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Holding that the operational debt and default were unquestionably established, the NCLT Ahmedabad admitted the petition and commenced the CIRP against Blu-Smart Fleet Pvt Ltd. A moratorium under Section 14 of the IBC was imposed, restraining all proceedings and transfers of assets, and Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP). Reliance BP Mobility was directed to deposit ₹5 lakh for initial CIRP expenses, and the IRP was instructed to take charge of the corporate debtor’s assets and issue public announcement as per the IBBI Regulations.

Appearance

For Applicant: AdvocatesJamin Dave, Hira Dave

For Respondent: Advocate Monal Davawala

Cause Title: Reliance BP Mobility Limited vs Blu-Smart Fleet Pvt Ltd

Case No: CP(IB)/377(AHM)/2025

Coram: Judicial Member Shammi Khan, Technical Member Sanjeev Sharma