Rosmerta Digital Services has submitted a petition to the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against Ola Electric Technologies, subsidiary of Ola Electric Mobility, alleging default on payment obligations.

The request is filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.

Ola Electric Technologies disputes the claims and is seeking legal advice to contest the petition, stating it will “take all necessary and appropriate steps” to defend its position.

This comes as Ola Electric renegotiates agreements with Rosmerta Digital Services and Shimnit India, affecting its vehicle registration process on the Vahan portal.

While Rosmerta provides digital services for vehicle registrations, Shimnit manufactures high-security number plates.

In February, vehicle registrations for Ola Electric Mobility dropped sharply to 8,390 units, a decline of over 65% from the previous month, though the company claimed sales exceeded 25,000 units in the same period.