Ola Electric Mobility, in a stock exchange filing on Saturday said that Rosmerta Digital Services has filed an insolvency petition against its wholly owned subsidiary Ola Electric Technologies before the National Company Law Tribunal.
The Bhavish Aggarwal-led firm added in the exchange filing that the petition submitted before NCLT’s Bengaluru Bench, alleged to default in payment towards the services rendered by the Operational Creditor and sought initiation of corporate insolvency resolution process (CIRP) against the Ola Electric Technologies Private Limited.
“We wish to inform you that a petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by M/s. Rosmerta Digital Services Limited, an…
