Ola Electric Settles Legal Dispute With Rosmerta Group, Insolvency Petition Withdrawn

"The matter now stands fully resolved, Ola Electric remains committed to fulfilling its obligations and maintaining professional relationships with all stakeholders," company said in the latest regulatory filling.

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Earlier in a regulatory filling, Ola Electric disclosed that a petition had been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was submitted by Rosmerta Digital Services Limited, an operational creditor, against Ola Electric Technologies Private Limited. It alleged non-payment for services and sought initiation of the Corporate Insolvency Resolution Process (CIRP). The case was presented before NCLT, Bengaluru.

Ola Electric stated that it had obtained legal counsel regarding the matter and disputed the claims. The company announced that it would take necessary steps to address the allegations and protect its interests.

On March 25, 2025, Ola Electric confirmed that all outstanding dues between its subsidiary and Rosmerta Group had been settled. As part of the resolution, Rosmerta filed a withdrawal memo before NCLT, Bengaluru, bringing the legal proceedings to a close.

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Rosmerta Group, said, "Ola Electric Mobility Limited has settled all it dues. With the receipt of INR 26,75,24,339/- which consists of the entire claim raised before NCLT, Rosmerta Group companies are withdrawing its petitions before the NCLT, Bengaluru. No further causes of action exist between Rosmerta Group and Ola Electric, whose relationship shall now be governed by the Settlement Agreement executed between them."