Ola Electric Mobility Limited ( (IN:OLAELEC) ) has shared an announcement.
Ola Electric Mobility Limited has announced that a petition has been filed by Rosmerta Digital Services Limited, an operational creditor, against its subsidiary, Ola Electric Technologies Private Limited. The petition, submitted to the National Company Law Tribunal in Bengaluru, alleges a default in payment for services rendered and seeks the initiation of the Corporate Insolvency Resolution Process. Ola Electric Mobility Limited disputes these claims and is seeking legal advice to protect its interests, indicating potential legal and financial implications for the company and its stakeholders.
More about Ola Electric Mobility Limited
Ola Electric Mobility Limited is a company operating in the electric vehicle industry, primarily focusing on the production and distribution of electric vehicles and related technologies. The company is headquartered in Bengaluru, Karnataka, India, and is known for its innovative approach to sustainable transportation solutions.
YTD Price Performance: -41.39%
Average Trading Volume: 3,264,909
Current Market Cap: 222.9B INR
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