Rosmerta Digital Services 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. This comes at a time when Ola Electric’s vehicle registration process transformation is in its final stages.
- The insolvency plea has been filed under Section 9 of the IBC
- The petition has been filed before the Bengaluru Bench of the NCLT
- Ola was renegotiating terms with Rosmerta and Shimnit India to cut costs, enhance efficiencies
Rosmerta files a petition against Ola Electric Technologies
Ola Electric Mobility has informed in a stock exchange filing that a…
