Ola Electric faces NCLT pleas over ₹40 crore dues in 2026

Ola Electric’s operating arm faces fresh NCLT pressure

Two key suppliers of Ola Electric Technologies Pvt. Ltd., the operating arm of listed Ola Electric Mobility Ltd., have approached the National Company Law Tribunal (NCLT) seeking insolvency proceedings over unpaid dues of more than ₹40 crore, based on court filings reviewed by Mint and people aware of the matter. Ola Electric Technologies is described as the entity that accounts for nearly all of the listed company’s revenue. The supplier action adds to a series of vendor-related disputes involving the loss-making electric two-wheeler maker. Separately, government scrutiny has also intensified around showroom licensing and registration practices, and questions have been raised over sales versus vehicle registrations.

Two suppliers move NCLT citing unpaid dues

The filings cited in the report indicate that two component suppliers initiated action at the NCLT to recover more than ₹40 crore. This is described as the third supplier clash for Ola Electric in the same broad period of negative vendor-related developments. The story also notes that Ola Electric has slipped to fifth place in India’s electric two-wheeler market, highlighting a competitive backdrop in which operational disruptions can matter.

The Rosmerta dispute: vehicle registrations and payment defaults

One prominent dispute involved the Rosmerta Group, which handled vehicle registration services for Ola scooters across India. According to the account, Ola Electric had outsourced scooter registrations to Rosmerta Technologies Limited and later brought this work in-house. The dispute arose when Ola allegedly stopped paying for services already rendered, leaving dues pending for weeks.

The article notes a specific outstanding amount of ₹26.75 crore in relation to Rosmerta’s claim, and describes how Rosmerta took the legal route rather than following up informally. Rosmerta filed an insolvency petition under Section 9 at the NCLT Bengaluru, a provision that allows an operational creditor to initiate insolvency proceedings if unpaid dues cross ₹1 crore. With a claim of ₹26.75 crore, Rosmerta met the stated threshold in the narrative.

Settlement and withdrawal: what Ola Electric disclosed

Ola Electric later said the matter was resolved and disclosed an amicable settlement in a regulatory filing. Reports cited that Rosmerta Digital Services and Rosmerta Safety Systems had filed insolvency petitions against Ola Electric Technologies, citing unpaid dues. One report put Rosmerta Digital Services’ claim at over ₹22 crore and Rosmerta Safety Systems’ claim at nearly ₹2.5 crore.

Ola Electric stated that “amicably settled all outstanding dues” between its wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., and the Rosmerta Group, and said a memo for withdrawal of the petitions was filed at the NCLT Bengaluru. The company also told exchanges that there were no more claims or disputes pending between the companies. In a separate statement referenced in the text, Rosmerta Group confirmed receiving 267.5 million rupees, which equals ₹26.75 crore, and confirmed the withdrawal of its bankruptcy petitions.

Sales versus registrations: show-cause notice and reported mismatch

The Ministry of Road Transport and Highways (MoRTH) reportedly sent a fresh show-cause notice to Ola Electric Mobility seeking an explanation about a mismatch in its sales numbers recorded in February. The report says Ola Electric claimed it sold 25,000 scooters in February, but only 8,652 were registered. The reason cited was renegotiation of contracts with vendors that handled vehicle registrations.

This reported gap between claimed sales and completed registrations became part of the broader context for the Rosmerta dispute, since the vendors involved in registration services were also described as the ones filing insolvency petitions over dues of up to ₹25 crore in another reference. The text also includes another reported registration figure of 8,390 units in a separate segment, underscoring that multiple reports tracked the same issue with slightly different numbers.

Wider supplier stress and operational knock-on effects

Beyond Rosmerta, the article states that, based on insights from former employees and industry insiders, delays in payments resulted in several key suppliers and logistics partners severing ties with Ola. The same overall context mentions another supplier filing for insolvency against the company, which Ola said it has resolved.

The text also references a government investigation into “hundreds” of newly launched Ola showrooms regarding licensing and registration practices. Another related note cited in the material mentioned Maharashtra state seizing Ola vehicles and finding violations, although the details of those violations were not expanded in the provided text.

Market reaction: shares hit fresh lows after insolvency plea news

Ola Electric Mobility’s shares fell sharply after the disclosure that a vendor had sought initiation of insolvency proceedings against a wholly owned subsidiary. One account says the stock fell nearly 8% on Monday to hit a fresh all-time low. Reuters reported the stock dropped as much as 6.2% to ₹47.4, and was down about 5.4% at the latest update cited.

Reuters also noted that the stock was down about 38% from its IPO price of ₹76 in August 2024. Ola Electric Technologies said it strongly disputes the claims in the petition and has sought legal counsel, and said it would take necessary steps to protect its interests and object to the allegations.

What insolvency petitions signal and the restructuring options cited

The narrative underlines why vendors use Section 9 proceedings, particularly when large dues are involved, because a public insolvency tag can affect reputation and investor confidence. The text also lists “options before formal insolvency” such as a Company Voluntary Arrangement (CVA), a pre-pack administration, and a Creditors’ Voluntary Liquidation (CVL), presented as structured routes to handle distressed situations.

These options were described in general terms: a CVA as a binding repayment agreement requiring 75% creditor approval by value, a pre-pack as a sale negotiated before formal administration, and a CVL as an orderly wind-down when rescue is not viable. The provided material does not state that Ola is pursuing any of these routes, but includes them as context around how creditor pressure can escalate.

Key facts and figures mentioned

Why the episode matters for investors and the EV supply chain

For investors, repeated vendor disputes and insolvency petitions matter because they can signal working-capital stress and operational friction, especially for a company that is described as loss-making. For an EV manufacturer, registration processes, logistics partners, and component vendors are operational choke points. Disruptions there can surface quickly in delivery and registration numbers, and in regulatory interactions.

The combination of NCLT filings, reported vendor exits, and the MoRTH show-cause notice places attention on compliance processes and vendor management. Ola’s disclosures that it has settled with Rosmerta and that no claims remain pending between the entities address one part of the overhang, but the broader supplier and regulatory issues highlighted in the material remain relevant to how markets interpret subsequent updates.

Conclusion

Court filings and multiple reports indicate that Ola Electric Technologies faced creditor action at the NCLT over dues exceeding ₹40 crore, while a major registration-services dispute with Rosmerta was later disclosed as settled with petitions withdrawn. The same period included government scrutiny over licensing and registration practices and a reported show-cause notice tied to a February sales-registration mismatch. The next set of market-moving cues, based on the material provided, are further regulatory responses, any additional NCLT developments from other vendors, and company disclosures on vendor settlements and operational processes.