New Delhi, July 7 -- Ola Electric share price continued its downward trajectory for third session straight on Tuesday. The stock fell over 0.80% to Rs.42.05 apiece today on NSE. The stock has descended over 5% in the past three sessions.

Ola Electric share price opened at Rs.42.41 apiece today, as compared to previous close of Rs.42.39 on Monday.

On Monday, 6 July, Mint reported that two major suppliers to Ola Electric Technologies Pvt. Ltd.-the operating arm of listed Ola Electric Mobility Ltd. that contributes nearly all of the group's revenue-have approached the National Company Law Tribunal (NCLT) to initiate insolvency proceedings over unpaid dues exceeding Rs.40 crore.

The petitions have been filed by Sterling E-Mobility Solution...