Mar 17, 2025 01:19 PM IST
The petition has been submitted before the NCLT’s Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor.
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Shares of Ola Electric Mobility Ltd tanked over 7 per cent on Monday morning after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
The stock slumped 7.12 per cent to hit a 52-week low of ₹46.94 on the BSE.
