Electric two-wheeler maker Ola Electric on Tuesday said it has settled all outstanding dues between its wholly owned subsidiary and creditor Rosmerta Group.
In a stock exchange filing, the company noted that Rosmerta has filed to withdraw the insolvency petition it had filed against Ola Electric Technologies.
Rosmerta had filed the plea on March 15 before the Bengaluru bench of the National Company Law Tribunal (NCLT), alleging payment defaults. The claims included non-payment for services rendered and sought to initiate a corporate insolvency resolution process (CIRP) against Ola Electric Technologies.
“There are no further claims or disputes…
