Rs 10 Lakh Crore Cleared with 28,818 Cases Resolved

The Insolvency and Bankruptcy Code (IBC) has played a pivotal role in resolving corporate distress, with as many as 40,943 applications filed under the law since its inception in 2016. Of these, a significant 28,818 applications amounting to a total claim of Rs 10 lakh crore were resolved even before formal admission, Union Minister…

Ola Electric’s Vendor Insolvency Case Raises Governance Questions For Investors

Electric two-wheeler maker Ola Electric is facing a major legal and financial crisis as Rosmerta Digital Services and Rosmerta Safety Systems, two of its largest vehicle registration partners, have filed two insolvency petitions against its subsidiary, Ola Electric Technologies Pvt. Ltd. The dispute, over unpaid dues, has reached the National Company Law Tribunal (NCLT), putting…