🚀 Business & Startups🇮🇳 India
Ola Electric Gets Third Insolvency Notice — And This One's From NCLT
Inc42 Media·Sunday, 12 July 2026
Ola Electric is facing its third insolvency petition, and the National Company Law Tribunal (NCLT) has now issued it a formal notice. This follows two earlier insolvency proceedings initiated by Sterling E-Mobility Solutions and Anevolve Mando eMobility against the EV maker.
Why It Matters
If you own an Ola Electric scooter or are considering buying one, the company's financial and legal troubles are worth watching closely. Multiple insolvency petitions signal serious stress in the business.
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