Ola Electric has officially announced the amicable resolution of its legal dispute with the Rosmerta Group, marking a significant development in the ongoing case filed before the National Company Law Tribunal (NCLT), Bengaluru. In a media statement released on Monday, Ola Electric confirmed that all outstanding dues between its wholly owned subsidiary, Ola Electric Technologies Private Limited, and Rosmerta Group have been settled. Following this, Rosmerta has filed a memorandum for withdrawal of the petitions filed with the NCLT.
“The matter now stands fully resolved. Ola Electric remains committed to fulfilling its obligations and maintaining professional relationships with all stakeholders,” the company said in its statement.
This development comes after Rosmerta Autotech Pvt Ltd, a unit of the Rosmerta Group, had filed an insolvency plea under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Ola Electric Technologies Pvt Ltd, citing outstanding dues of approximately ₹3 crore. The plea was based on alleged defaults in payments related to component supplies made to Ola Electric.
