Ras Resorts Adjusts Financial Metrics Amid Stable Performance and Debt Management Challenges

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More Troubles for Ola! Bhavish Aggarwal’s EV Maker Faces Insolvency Petitions Over ‘Unpaid Dues’

“We wish to inform you that a petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by M/s. Rosmerta Digital Services Limited, an Operational Creditor of Ola Electric Technologies Private Limited, a wholly owned subsidiary of Ola Electric Mobility Limited (“the Company”),” the exchange filing read. Read the original…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Trouble for Ola Electric? Subsidiary hit with insolvency plea – Bike News

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…

Ola Electric shares tank 7% to hit all-time low amid insolvency plea

Shares of Bhavish Aggarwal-led Ola Electric Mobility Ltd tumbled 7% in intraday trade on Monday to hit their lowest amid an insolvency petition filed in National Company Law Tribunal’s (NCLT’s) Bengaluru Bench against its subsidiary by operational creditor Rosmerta Digital Services Ltd. The insolvency plea, seeking initiation of the corporate insolvency resolution process (CIRP) against…