BluSmart, the ride-hailing startup connected to Gensol, has abruptly halted new ride bookings through its app in most parts of major cities such as Delhi-NCR and Bengaluru. The development came after SEBI barred Gensol's founders and promoters, Anmol and Puneet Singh Jaggi, from the securities market. SEBI said that Anmol and Puneet used the company's funds as their "piggybank".