🚀 Business & Startups🇮🇳 India
Ola Electric Gets Third Insolvency Notice — NCLT Steps In
Inc42 Media·Monday, 13 July 2026
Ola Electric is now facing a third insolvency petition, and the National Company Law Tribunal (NCLT) has issued a notice to the company. This comes after two earlier insolvency proceedings were initiated against it by Sterling E-Mobility Solutions and Anevolve Mando eMobility. The pressure on India's most high-profile EV startup is mounting fast.
Why It Matters
If you own an Ola Electric scooter or were thinking of buying one, the company's financial health matters directly to you. This is also a bellwether moment for India's EV sector.
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