Rosmerta Digital Services, a service provider and creditor of Ola Electric, has filed for insolvency after alleging the electric two-wheeler manufacturer defaulted in payments. Rosmerta is responsible for handling vehicle registrations at various regional transport offices (RTOs) across the country.
The insolvency plea has been filed at the National Company Law Tribunal’s (NCLT’s) Bengaluru branch. In an exchange filing, Ola Electric informed that, “We wish to inform you that a petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by M/s. Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd, a wholly owned subsidiary of Ola Electric Mobility.”
Ola…
