Ola Electric Mobility Ltd has reported a significant legal update following intervention by the Hon'ble High Court of Bombay at Goa. The company confirmed that the High Court has quashed and set aside several previous orders that had been issued by the District Consumer Disputes Redressal Commission, South Goa.
The legal update pertains to an earlier intimation issued by the company on February 17, 2026.
According to the report, the Hon'ble High Court of Bombay at Goa reviewed the matter and set aside the specific orders dated January 20, 2026, and February 4, 2026.
The High Court's observations noted that the Commission had exceeded its jurisdiction. Furthermore, the court concluded that the direction for the personal appearance of the CEO was not warranted.
The latest update provides clarity on the legal proceedings, confirming the quashing of the aforementioned orders by the Bombay High Court.
OLAELEC Stock Price Movement
As of 2:15 PM, shares of Ola Electric Mobility Limited are tumbling by 6.09% in live trading, currently sitting at ₹38.39. The stock traded with significant volume, hitting 287.87 million shares, suggesting strong intraday selling pressure.Source:
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