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Ola Electric Faces ₹40 Crore NCLT Claims Amid Quality Dispute

Two suppliers have filed insolvency petitions against an Ola Electric subsidiary over alleged ₹40 crore payment defaults. The company is contesting these claims, citing a prior legal suit regarding quality standards. This development comes as the company works to improve its operational performance and narrow net losses. Electric two-wheeler manufacturer Ola Electric is currently navigating…

bk plus appoints new restructuring and insolvency director

Herberts is a licensed insolvency practitioner with more than 15 years of experience. Credit: PeopleImages/Shutterstock.com. UK accountancy practice bk plus has named Peter Herberts as director of its restructuring and insolvency practice. Herberts will be based in the company’s Sheffield office and work within the restructuring team led by David Griffiths. Access deeper industry intelligence…