Rosmerta Digital Services Pvt. Ltd. has sought the initiation of insolvency proceedings against a wholly owned subsidiary of Ola Electric Mobility Ltd.
The operational creditor of Ola Electric Technologies Pvt. Ltd. has filed a petition the National Company Law Tribunal in Bengaluru alleging default in payments towards the services rendered, according to an exchange filing on Saturday.
The petition seeks initiation of the corporate insolvency resolution process against the Ola Electric Technologies.
“The company has sought appropriate legal advice and it strongly disputes the claims made,” Ola Electric said in the filing. “The company will take all necessary and appropriate steps to protect its interests and object to the allegations in…
