Ola Electric Technologies has amicably settled all outstanding dues with the Rosmerta Group, leading to the withdrawal of insolvency petitions previously filed against the company.

The dispute originated earlier this month when Rosmerta Digital Services filed a petition before the National Company Law Tribunal (NCLT) in Bengaluru, alleging payment defaults by Ola Electric Technologies.

Ola Electric clarified that the issue stemmed from a mismatch between its sales data and government registration records in February, attributed to ongoing negotiations with registration vendors. The company assured that the backlog caused by this discrepancy has been resolved.

Following the resolution, Rosmerta Group has initiated the process to withdraw its insolvency petition, effectively concluding the matter.

This settlement is expected to alleviate concerns among stakeholders and investors, as Ola Electric continues to focus on its growth and operational stability in the electric vehicle market.

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