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 Company Law Tribunal (NCLT) over unpaid dues, escalating a disagreement that began with quality complaints from Ola Electric's side.

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.

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…