Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and is taking steps to protect its interests.
New Delhi, Mar 15 (PTI) Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd.
In a regulatory filing, the company said, “A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by M/s. Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd.”
The petition has…
