‘Do not expect any refund’: BluSmart’s X handle goes unfiltered – internet grabs popcorn
BluSmart’s social media account appeared to have gone extra candid on X, leaving users both shocked and amused. A post from the verified handle appeared to air out the internal grievances against the company, “Everyone, BluSmart company has been shut since Feb 2025. Founders have done the fraud. Do not expect any refund of your wallet money. Even the employees have also not got their 4 months salary. No point messaging on social media.”The post quickly went viral, with many users unsure whether it was a whistleblower moment or just a furious ex-employee airing dirty laundry. Within hours, the internet was flooded with reactions, memes, and amateur investigations trying to figure out who still had access to the account — and why they decided to go nuclear.The abrupt announcement immediately triggered questions over its authenticity, with users suggesting it may have come from a disgruntled employee. One user, ommented, “Intern still had the creds and took revenge.” Another, user wrote, “Looks like someone from the social media team with the credentials tweeted this out of frustration over not receiving their four months’ salary.” A third user, quipped, “Please reword the bio to: Fraud, zero refund. Always.”The viral post has reignited scrutiny of BluSmart’s mounting financial troubles. The National Company Law Tribunal (NCLT) in Ahmedabad recently admitted a petition against the electric cab operator for defaulting on dues worth around Rs 1.28 crore, triggering a corporate insolvency resolution process. NPV Insolvency Professionals Private Ltd was appointed as the Interim Resolution Professional to oversee the process.Once a promising name in India’s EV-based ride-hailing market, BluSmart’s operations have been under pressure due to mounting liabilities and cash flow problems. Its key shareholder, Gensol Engineering, and its subsidiary Gensol EV Lease are also undergoing insolvency proceedings. Reports indicate that promoters Anmol and Puneet Singh Jaggi are under investigation by SEBI for allegedly diverting company loans for personal use, including purchasing luxury property and inflating stock prices.The NCLT has since imposed a moratorium on all recovery proceedings and asset transfers. Customers, meanwhile, are expressing concern over refunds from BluSmart’s in-app wallet system. Legal experts say refunds may depend on the company’s prepaid payment instrument licence.
