NCLT Bengaluru Gives Ola Electric 4 Weeks For Objections In ₹9.84 Crore Insolvency Case With Anevolve

On Monday, 6 April, the Bengaluru Bench of the National Company Law Tribunal (NCLT) heard an insolvency petition filed by Anevolve Mando Emobility Pvt Ltd against Ola Electric Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, over an alleged operational debt of Rs. 9.84 crore arising from the supply of motors.

Before a Bench comprising Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada, Anevolve stated that it had issued a demand notice under Section 8 to Ola Electric prior to filing the petition.

Counsel for the Ola, appearing through a caveat, opposed the issuance of notice. They contended that no case arose under Section 9 of the IBC due to a pre-existing dispute between the parties. The Tribunal, however, observed:

“We would like to have a detailed hearing.”

Ola Electric subsequently stated that it would accept notice. Recording the same, the Tribunal granted four weeks to Ola Electric to file its objections and a further four weeks to Anevolve to file a rejoinder.

Accordingly, the NCLT posted the matter for further hearing on 12 June 2026, and the discharged the caveat.

For Petitioner: Advocates Varsha Iyer, TKA Padmanabhan and Pooja Iyer