Ola Electric Reaches Settlement, Rosmerta Group Withdraws Insolvency Pleas

Ola Electric Technologies Private Limited reached a financial settlement with the Rosmerta Group, leading to the withdrawal of insolvency petitions previously filed against the company. The resolution was confirmed in a regulatory filing on Tuesday. The dispute originated when Rosmerta Digital Services and Rosmerta Safety Systems filed insolvency petitions against Ola Electric Technologies, citing unpaid…

Ola Electric settles dues with vehicle registration agency Rosmerta Group; insolvency pleas withdrawn

Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility Limited, has settled its financial dispute with the vehicle registration agency Rosmerta Group, leading to the withdrawal of insolvency petitions filed against it. The company confirmed the resolution in a regulatory filing on Tuesday, stating that all outstanding payments have been cleared. “We wish…

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