India’s Ola Electric Mobility falls as unit faces insolvency petition — TradingView News

** Shares of Ola Electric Mobility OLAELEC fall 3.7% to 48.62 rupees ** Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, files a petition for initiation of corporate insolvency resolution process against OLAE’s subsidiary Ola Electric Technologies ** Petition was filed alleging default in payment towards services rendered ** Ola Electric denies the…

Ola Electric share price drops 4% amid insolvency proceedings by Rosmerta Digital Services against company

Ola Electric share price slumped by almost 4% during Monday’s trading session after Rosmerta Digital Services Ltd, its vehicle registration service provider, announced on Saturday that it intends to initiate insolvency proceedings against its wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd. In a regulatory submission, the company announced that M/s. Rosmerta Digital Services Ltd, which…

SunPower is Bankrupt. What Now?

The dust is still settling from SunPower’s collapse, and it’s still not clear how bankruptcy proceedings will impact the company’s ability to serve its remaining customers. However, SunPower isn’t the first solar company to go bankrupt, so there is precedent we can study.  In the meantime, here are some steps you can take if you…