Rosmerta Digital seeks insolvency proceedings against Ola Electric's arm

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Rosmerta Digital seeks insolvency proceedings against Ola Electric's arm - Business Standard

Quick Summary:

The petition has been submitted before the National Company Law Tribunal's Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor and seeking initiation of the corporate insolvency resolution process (CIRP) against Ola Electric Technologies Pvt Ltd, it added.

Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd.

Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd".