GEORGE TOWN: Fire and Rescue Department personnel and a volunteer firefighting squad are still putting out the fire that engulfed an old factory at Jalan Patani on Sunday (March 16). Earlier, videos of the incident went viral on social media, depicting thick smoke billowing from the location and raising concerns among nearby road users. Penang…
Mar 16, 2025 12:52 PM IST The insolvency pleas have been filed over unpaid invoices by a unit of Ola Electric Mobility. A unit of billionaire Bhavish Aggarwal’s Ola Electric Mobility is facing two insolvency pleas from vehicle registration service providers over unpaid dues, Bloomberg reported. ₹25 crore.(Reuters)” title=”The two companies who have filed insolvency…
Once a frontrunner in the European eVTOL industry, German startup Volocopter may have found a financial lifeline through an acquisition by China-based Wanfeng Group. The €10-million (US$10.9-million) deal, disclosed in a recent stock exchange announcement, comes after Volocopter faced mounting financial difficulties that led to its insolvency. On March 10, Zhejiang Wanfeng Auto Wheel Co.,…
New Delhi, Mar 15 (PTI) Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd. In a regulatory filing, the company said, “A petition has been filed under Section 9 of the…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/ola-electric-s-unit-faces-2-insolvency-petitions-over-unpaid-vendor-dues-125031600172_1.html” on this server. Reference #18.d0b42e17.1742106559.248424ea https://errors.edgesuite.net/18.d0b42e17.1742106559.248424ea Read the original article here
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/rosmerta-digital-seeks-insolvency-proceedings-against-ola-electric-s-arm-125031500721_1.html” on this server. Reference #18.24052017.1742063240.5e24bd5 https://errors.edgesuite.net/18.24052017.1742063240.5e24bd5 Read the original article here
Ola Electric Faces Insolvency Petition from Operational Creditor TipRanks Read the original article here
Rosmerta Digital Services Ltd has filed an insolvency petition against Ola Electric Mobility’s subsidiary Ola Electric Technologies before the National Company Law Tribunal (NCLT), alleging that the electric two-wheeler maker has defaulted on payments for the services provided. “We wish to inform you that a petition has been filed under Section 9 of the Insolvency…
Restructuring and Insolvency Newsletter: February 2025 updates Único – o portal de notícias do Mattos Filho Read the original article here
There is no denying 2024 was a tough year for business. According to the figures from Alares Credit Risk Insights, insolvencies numbers reached an all-time high last year. Inadequate cash flow, poor strategic management and trading losses are some of the top reasons companies go under. ASIC’s latest insolvency data for the fourth quarter from…