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Ola Electric settles dues with vehicle registration agency Rosmerta Group; insolvency pleas withdrawn

  • Ola Electric Technologies Private Limited has settled its financial dispute with vehicle registration agency Rosmerta Group.
  • Insolvency petitions filed against Ola Electric Technologies have been withdrawn after the settlement.
  • The Rosmerta Group had claimed Rs 24.5 crore in outstanding payments.
  • Both companies have formalized their future business relationship through a Settlement Agreement.

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