Mar 16, 2025 12:52 PM IST
The insolvency pleas have been filed over unpaid invoices by a unit of Ola Electrical Mobility.
A unit of billionaire Bhavish Aggarwal’s Ola Electrical Mobility is dealing with two insolvency pleas from car registration service suppliers over unpaid dues, Bloomberg reported.
The 2 corporations who’ve filed insolvency pleas have claimed excellent dues value about ₹25 crore.(Reuters)
This provides to the EV maker’s troubles, which have been below scrutiny on account of points associated to its e-scooter high quality and customer support.
Car registration companies supplier Rosmerta Digital Companies and high-security registration plates (HSRP) supplier Rosmerta Security Methods have individually filed insolvency petitions in opposition to Ola Electrical Mobility’s intently held unit, Ola Electrical Applied sciences.
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The 2 corporations, Rosmerta Digital and Rosmerta Security, have claimed unpaid dues value ₹22 crore and ₹2.5 crore, respectively.
The SoftBank Group-backed firm knowledgeable exchanges on Saturday evening that Rosmerta Digital had filed the insolvency plea with the Nationwide Firm Legislation Tribunal in Bengaluru, the place the EV maker is predicated.
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“The Company has sought appropriate legal advice and it strongly disputes the claims made. The Company will take all necessary and appropriate steps to protect its interests and object to the allegations in the aforesaid matter,” Ola Electrical Mobility mentioned in its disclosure to exchanges.
Final month, the corporate mentioned in a submitting that it was “renegotiating” contracts with service suppliers, together with Rosmerta Digital and Shimnit India Pvt. Founder and Chief Government Officer Bhavish Aggarwal introduced on X final week that the corporate was shifting its registrations course of “in house.”
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An insolvency petition might be adopted by a listening to on the Nationwide Firm Legislation Tribunal, which can determine primarily based on the arguments whether or not the corporate is bancrupt or not. Nonetheless, there’s nonetheless a while earlier than such the tribunal reaches a call.
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