Ola Electric served NCLT notice regarding ₹9.57 crore payment default
The NCLT's Bengaluru division has sent a notice to Ola Electric following an insolvency petition from an operational creditor concerning an alleged ₹9.57 crore default. The creditor, who provided automotive components to the company, asserts that the total outstanding amount is ₹21.19 crore. Ola Electric has contested this claim, pointing to problems with warranties and the quality of the spare parts provided.
by shortkt.com✓