Rosmerta has filed an insolvency petition against Ola Electric Technologies in the NCLT Bengaluru, alleging payment defaults for its services.
Rosmerta Digital Services Ltd, a vehicle registration service provider, has filed an insolvency petition against Ola Electric Mobility’s subsidiary Ola Electric Technologies before the National Company Law Tribunal in Bengaluru. According to Rosmerta, the company has defaulted in payments for the services provided. Due to this announcement Ola Electric’s share price dipped 4% on Monday’s trading session.
According to PTI, 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…
