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 to inform you that Ola Electric Technologies Private Limited has amicably settled all applicable dues with the Rosmerta Group…There are no further claims or disputes pending between the parties in this matter,” the company said in an exchange filing.
Settlement and NCLT petition withdrawal
The…
