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 dues, reported Business Standard. According to reports, Rosmerta Digital Services claimed outstanding payments of over Rs 22 crore (approximately $2.5 million), while Rosmerta Safety Systems sought nearly Rs 2.5 crore in dues.
On Tuesday, Ola Electric announced that the matter has been settled amicably….
