Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility Limited, has settled a financial dispute with vehicle registration service provider Rosmerta Group. This agreement has led to the withdrawal of insolvency petitions previously filed against the company.

Rosmerta Group said that the Bengaluru-based firm paid 26.75 crore rupee (US$3.12 million) to cover the entire claim submitted to the National Company Law Tribunal (NCLT). Following this payment, Rosmerta filed a memorandum to withdraw the petitions from the NCLT’s Bengaluru bench.