Ola Electric Mobility Ltd has confirmed that its wholly owned subsidiary, Ola Electric Technologies Pvt Ltd, is facing an insolvency petition filed by its vehicle registration service provider, Rosmerta Digital Services Ltd.
The petition, submitted under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), has been brought before the National Company Law Tribunal (NCLT), Bengaluru Bench, alleging non-payment for services rendered.
In response, Ola Electric has strongly disputed the claims and stated that it has sought appropriate legal advice. The company asserted that it will take all necessary and appropriate steps to protect its interests and challenge the allegations in this matter.
This development comes amid Ola Electric’s…
