Ola Electric NCLT petitions: ₹40 crore dues in 2026

What triggered the latest NCLT filings

Ola Electric is facing fresh legal pressure after multiple vendors and suppliers approached the National Company Law Tribunal (NCLT) over alleged unpaid operational dues. Media reports say two component suppliers have filed petitions seeking insolvency proceedings against Ola Electric Technologies Pvt. Ltd., the operating arm of Ola Electric Mobility. The petitions cite unpaid dues exceeding ₹40 crore and have been filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, a route available to operational creditors such as suppliers and service providers.

Separately, another report said a vendor has filed a petition claiming non-payment of ₹9.57 crore, and the NCLT’s Bengaluru bench directed that notice be issued to Ola Electric. Taken together, the developments add to a growing pattern of supplier-led disputes for the electric two-wheeler maker.

Who filed the Section 9 petitions and what they allege

Court filings and media reports identified the two Section 9 petitioners as Sterling E-Mobility Solutions Ltd and Anevolve Mando eMobility Pvt. Ltd. Sterling E-Mobility Solutions is described as the EV components arm of listed Sterling Tools Ltd. Anevolve Mando eMobility is part of the Anand Group.

According to filings with the Ministry of Corporate Affairs (MCA) cited in reports, Ola Electric Technologies allegedly owes ₹29.8 crore to Sterling E-Mobility Solutions and ₹10.8 crore to Anevolve Mando eMobility. The suppliers have claimed that these payments have remained pending for more than 45 days. Reports said the delayed payments prompted the two companies to move the tribunal and seek initiation of the Corporate Insolvency Resolution Process (CIRP) against Ola Electric Technologies.

A separate vendor case: Seoyon E-Hwa Summit Mobility Krishnagiri

One Hindi report said the NCLT’s Bengaluru bench issued directions to serve notice to Ola Electric in a petition filed by Seoyon E-Hwa Summit Mobility Krishnagiri Pvt. Ltd. The vendor has reportedly alleged that Ola Electric did not clear dues of ₹9.57 crore.

This filing was described as the company’s third insolvency petition in media coverage, indicating that the disputes are no longer isolated incidents. The reports did not indicate any official statement from Ola Electric on this specific petition.

Ola Electric’s response: contesting petitions and quality concerns

Multiple reports said Ola Electric is contesting the petitions filed by Sterling and Anevolve. The company has reportedly filed caveats before the tribunal and is expected to oppose the proceedings.

Sources cited in reports described the matter as a commercial dispute rather than a straightforward payment default. Ola Electric has also raised concerns over the quality of certain components supplied by vendors. One report quoted a person familiar with the matter saying Ola Electric had filed a suit earlier stating that agreed quality standards were not met, after which the vendors moved under the IBC.

Ola Electric has not issued an official statement on the matter so far, according to the reports.

Hearing dates and procedural updates from reports

Reports indicated that the NCLT’s Bengaluru bench is scheduled to hear Sterling’s petition on Monday, July 6. Another report said the tribunal had heard Anevolve Mando’s plea earlier, and a follow-up hearing was scheduled for July 27.

In the Seoyon E-Hwa Summit Mobility Krishnagiri matter, a report said the bench directed issuance of notice to Ola Electric. Beyond this procedural detail, the reports did not provide additional case milestones.

Stock market reaction: shares fall over three sessions

The legal developments weighed on investor sentiment, according to media coverage. Ola Electric Mobility shares fell for three straight sessions after reports of the insolvency petitions, with the stock declining more than 5% over this period.

One report said the shares fell 5.3% to an intra-day low of ₹42.10. Another report said that on July 7, the shares closed at ₹42.4 on the NSE. The reports linked the decline to concerns around supplier disputes and unresolved claims.

Key facts table: petitioners, claims, and status

Earlier vendor dispute: Rosmerta petition and withdrawal

The current filings follow earlier supplier and service-provider disputes involving Ola Electric Technologies. Reports said Rosmerta Digital Services Ltd had filed an insolvency petition before the Bengaluru bench of the NCLT in March 2025, alleging payment defaults for services rendered.

That dispute was subsequently resolved between the parties and the petition was withdrawn, according to the reports. One report added that Ola paid ₹26.75 crore, including accrued interest, to have the petition formally withdrawn.

Financial and operational context cited in reports

Some reports linked the supplier disputes to broader operating pressure. One report described Ola Electric as a loss-making EV maker and said it has slipped to fifth place in India’s electric two-wheeler market.

Another report cited FY26 numbers, stating that Ola Electric’s revenue fell 50% year-on-year to ₹2,253 crore, with annual sales declining 44% to just over 1.73 lakh units. The same report said net losses narrowed to ₹1,833 crore from ₹2,276 crore in FY25. These figures were presented as context for working-capital pressures and heightened scrutiny from vendors.

Why Section 9 IBC petitions matter for investors

Section 9 petitions can escalate commercial disputes into insolvency-triggering processes if a tribunal admits the case and the statutory conditions are met. For listed companies, such filings often become material events because they can affect vendor confidence, credit terms, and day-to-day procurement.

In Ola Electric’s case, the immediate issue highlighted in reports is the relationship with critical component suppliers and the alleged duration of overdue bills (over 45 days). Ola Electric’s stated defense, as reported, rests on quality-related counter-claims and the framing of the matter as a trade dispute.

Conclusion

Ola Electric’s operating arm is dealing with multiple supplier-led actions at the NCLT, including Section 9 IBC petitions alleging dues of over ₹40 crore and a separate vendor claim of ₹9.57 crore. The company is contesting the proceedings and has flagged quality concerns, while the stock has fallen more than 5% over three sessions amid the legal overhang. The next developments to watch, based on reports, are the tribunal hearings and the issuance of notices in the pending matters.