Shares of Ola Electric Mobility Ltd. fell nearly 8% on Monday to hit fresh all-time low after Rosmerta Digital Services Pvt. Ltd., a vendor of the company, sought the initiation of insolvency proceedings against a wholly owned subsidiary of the electric two-wheeler maker over non-payment of dues. Rosmerta Digital Services, an operational creditor of Ola…
Ola Electric shares hit record low after insolvency petition Tech in Asia Read the original article here
Hudson’s Bay Company operates 80 stores and TheBay.com. Credit: JHVEPhoto/Shutterstock. Canadian department store chain Hudson’s Bay Company has revealed plans to initiate a full liquidation of its business as it failed to obtain the necessary… Read the original article here
Ola Electric Share Price NSE: Shares of Ola Electric Mobility Limited fell over 7 percent during the intraday trade on Monday. Osmertasmerta Digital Services Limited, a vehicle registration service provider, sought to initiate insolvency proceedings against its wholly-owned subsidiary Ola Electric Technologies Private Limited. The electric mobility company’s stock fell around 7.5 per cent to…
Sections 8 and 9 of the IBC stated that an operational creditor can only initiate the CIRP process in the event of an uncontested debt and a payment default The Appeal filed by the operational creditors was dismissed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT), which is composed of Justice…
Spring is in the air, but many people are still suffering the winter blues when it comes to their finances. Some are still paying off their Christmas spending or reeling from the impact of a January tax bill. Inflation may have fallen, but we’re all feeling the pinch of higher prices, with the elevated cost…
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)…
Mar 17, 2025 01:19 PM IST The petition has been submitted before the NCLT’s Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor. Shares of Ola Electric Mobility Ltd tanked over 7 per cent on Monday morning after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd…
INSCO’s Resolution Plan In Hindustan Glass insolvency Moves Forward BW Legal World Read the original article here
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