Ola Electric rejects NCLT insolvency petitions against manufacturing arm as 'retaliatory'
Ola Electric dismissed insolvency claims tied to a ₹40.6 crore component quality dispute already under arbitration, calling the NCLT filings a retaliatory tactic. Shares recovered after a 9% dip to ₹42.6, and the company says deliveries and manufacturing schedules are unaffected, with Q1 FY27 output at 43,719 vehicles versus 22,252 prior quarter.
Ola Electric rejected NCLT insolvency petitions against its manufacturing arm as a retaliatory tactic, citing pre-existing arbitration over a ₹40.6 crore component quality dispute. Shares recovered; company says operations, deliveries and manufacturing schedules unaffected.