India, July 7 -- While Ola Electric has denied the claims and is contesting the petitions, the development shifts investor attention beyond the legal dispute to supplier confidence, working capital management, and execution risk.

Ola Electric Mobility Ltd is currently trading at Rs 42.44. The stock opened at Rs 42.55, reached a day's high of Rs 42.85, and has so far recorded a day's low of Rs 41.41. The current market capitalisation of the company is Rs 19,671 crore.

Two suppliers, Sterling E-Mobility Solutions and Anevolve Mando eMobility, have filed insolvency petitions under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Ola Electric Technologies Pvt. Ltd, alleging unpaid operational dues of over Rs 40 crore. Ola Elect...