Rosmerta Digital seeks initiation of insolvency proceedings against Ola Electric’s subsidiary

Representative image | Photo Credit: Reuters Ola Electric Mobility Ltd on Saturday (March 15, 2025) 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…

Select Fashion nears liquidation

The struggling fashion chain has drafted in advisers to oversee a process of liquidation, according to documents seen by The Sun. It is understood the chain will have shut 35 shops by 14 March after trimming down its store estate since the start of the year. The retailer entered into a company voluntary arrangement (CVA)…