Ola Electric Subsidiary Faces Insolvency Petition Over Alleged Non-Payment of Dues

Ola Electric Technologies Pvt Ltd, a subsidiary of Ola Electric Mobility Ltd, is facing an insolvency petition filed by Rosmerta Digital Services Ltd before the NCLT Bengaluru Bench under Section 9 of the Insolvency and Bankruptcy Code, 2016.

The petition alleges non-payment for services rendered related to vehicle registration.

Ola Electric has disputed the claims and stated that it has sought legal advice.

The company is also renegotiating agreements with registration service providers, including Rosmerta Digital Services Pvt Ltd and Shimnit India Pvt Ltd.

The proceedings coincide with ongoing workforce reductions, which are expected to affect around 1,000 employees as part of operational changes.