Ola Electric back before NCLT as suppliers file insolvency pleas over ₹40 crore dues
Two component suppliers have moved the NCLT seeking insolvency proceedings against Ola Electric over alleged ₹40 crore in payment defaults. The dispute lands even as the EV two-wheeler maker posts stronger registrations of 43,719 vehicles in Q1 FY27 and narrows net loss 42% to ₹500 crore in Q4 FY26.
Two component suppliers moved NCLT seeking insolvency proceedings against Ola Electric over alleged ₹40 crore payment defaults, even as the EV two-wheeler maker reports improved registrations and narrower losses.