India, Aug. 26 -- Nearly a month after the Ahmedabad bench of the National Company Law Tribunal (NCLT) had admitted an insolvency plea against BluSmart over unpaid financial obligations totalling INR 1.28 Cr, around 200 applicants have likely staked claims worth about INR 500 Cr for the assets of the EV ride-hailing startup.

An NDTV Profit report said that Catalyst Trusteeship leads with claims of INR 250 Cr, followed by the Indian Renewable Energy Development Agency (IREDA) with INR 130 Cr.

Several executives, including cofounder Punit K Goyal and former C-suite officers, have also filed claims under "employee dues" exceeding INR 1 Cr each. Tata Capital has sought INR 5 Cr as a creditor.

On July 29, the Ahmedabad bench of the NCLT adm...