Ola Electric slides third session as suppliers file insolvency petitions over ₹40 crore dues
Ola Electric shares dipped 0.80% to ₹42.05 as two suppliers, Sterling Tools and Anevolve Mando eMobility, filed NCLT insolvency petitions over unpaid dues exceeding ₹40 crore (₹29.8 cr to Sterling, ₹10.8 cr to Anevolve). Ola calls it a commercial dispute citing part-quality issues. Stock is down 6.57% for the week.
Ola Electric shares fell for a third session as two major suppliers filed NCLT insolvency petitions over unpaid dues exceeding ₹40 crore, which Ola calls a commercial dispute citing part-quality claims.