Ola Electric Hit With Third Insolvency Plea as NCLT Issues Notice Over ₹9.57 Cr Vendor Dues
The EV maker faces its third insolvency petition, with NCLT notice on ₹9.57 Cr in unpaid vendor dues. Pressure mounts amid a Q4 FY26 net loss of ₹500 Cr, revenue down 57% YoY to ₹265 Cr, and slipping market share despite a ₹780 Cr QIP and turnaround push.
Ola Electric faces a third insolvency plea, with NCLT issuing notice over ₹9.57 Cr vendor dues. This adds pressure as the EV maker attempts an operational turnaround amid falling sales, market-share decline, and elevated losses.
Why this matters
Adds to a mounting pattern of supplier insolvency petitions over unpaid dues, which Ola Electric has previously rejected as 'retaliatory' and tied to arbitration disputes with vendors.
Retail-company signals accelerating, up 714900% QoQ.
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