Ola Electric shares is set to attract investor attention following a significant development with its creditor Rosmerta Group. The company has completely settled its outstanding dues, leading to the withdrawal of an insolvency petition.
In an early morning exchange filing, Ola Electric Technologies announced that it has “amicably settled all outstanding dues” with Rosmerta Group. As a result, Rosmerta has filed a memo to withdraw the insolvency petitions previously submitted to the National Company Law Tribunal (NCLT) in Bengaluru.
“Ola Electric has amicably settled all outstanding dues between its wholly owned subsidiary, Ola Electric Technologies Private Limited, and the Rosmerta Group. The matter now stands fully resolved,” the firm…
