Shares of Ola Electric Mobility (OLAE.NS) fell by 3.7% to ₹48.62 on Monday after news broke that a creditor, Rosmerta Digital Services, had filed an insolvency petition against the company’s subsidiary, Ola Electric Technologies.
Why Was the Petition Filed?
Rosmerta Digital Services claims that Ola Electric Technologies failed to pay for services it provided. As a result, the creditor took legal action under India’s Insolvency and Bankruptcy Code, which allows creditors to take action against companies that default on payments.
However, Ola Electric denied these claims, calling them false. The company assured investors that it is financially strong and working to resolve the issue.
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Market Impact
The news of the legal dispute affected investor confidence, causing a drop in Ola Electric’s stock. The company’s shares have already lost about 43% of their value in 2025 due to ongoing financial and operational challenges.
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What’s Next?
Investors and market analysts will closely watch the legal case’s outcome. Meanwhile, Ola Electric says it is focused on continuing its business operations and assuring stakeholders about its financial stability.
