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Ola Electric faces fresh insolvency pleas over alleged ₹40 crore payment defaults
Two component suppliers have moved the NCLT against Ola Electric's subsidiary over alleged ₹40 crore payment defaults, while the company calls it a commercial dispute.
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thehindubusinessline.com
Ola Electric faces fresh insolvency pleas over alleged ₹40 crore payment defaults
Two component suppliers have moved the NCLT against Ola Electric's subsidiary over alleged ₹40 crore payment defaults, while the company calls it a commercial dispute.
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economictimes.indiatimes.com
Ola Electric shares drop 9% in 3 days. What's spooking investors?
Ola Electric Mobility shares fell over 2%, extending their three-day decline to 9%, after media reports said two vendors had filed fresh insolvency pleas against its subsidiary…
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Ola Electric counters NCLT insolvency claims
According to Ola Electric, the vendors filed the insolvency petitions under Section 9 of the IBC only after the arbitration proceedings had commenced, in an attempt to bypass the…
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newsbytesapp.com
Ola Electric rejects insolvency petitions against its manufacturing division
Ola Electric dismissed insolvency claims by vendors, citing ongoing arbitration proceedings over performance and warranty disputes concerning supplied components worth ₹40.6 crore.
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Ola Electric confirms vendor lawsuits over dues, quality issues as shares fall 5% - The Economic Times
In its response, the company acknowledged that Anevolve Mando E-Mobility and Sterling E-Mobility Solutions, vendors supplying key parts to the company, have moved the National…