🚀 Business & Startups🇮🇳 India
Ola Electric Hit With Third Insolvency Petition, NCLT Sends Notice
Inc42 Media·Saturday, 11 July 2026
Ola Electric now faces a third insolvency petition, and the National Company Law Tribunal (NCLT) has issued a formal notice to the company. This follows two earlier insolvency proceedings initiated by Sterling E-Mobility Solutions and Anevolve Mando eMobility. The NCLT notice means the company must respond officially to the tribunal.
Why It Matters
Ola Electric is one of India's biggest electric scooter brands. Multiple insolvency petitions signal serious financial stress at a company many Indians have bought vehicles from or invested in.
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