Ola Electric Mobility Limited issued a clarification on the news regarding a bailable warrant against its CEO, Bhavish Aggarwal, by the Goa Consumer Commission. The company confirmed that the Hon’ble High Court of Bombay at Goa has stayed the warrant. Furthermore, the High Court observed that the Consumer Commission had exceeded its jurisdiction in issuing the original order. Ola requests that this legal position be noted by all stakeholders.
Clarification on Media Reports
Ola Electric Mobility Limited addressed recent media reports dated February 17, 2026, concerning a warrant issued against the CEO, Bhavish Aggarwal, by the District Consumer Commission in South Goa.
High Court Intervention and Stay Order
The Company Statement, attached as Annexure-A, confirms significant legal development in the matter. The Hon’ble High Court of Bombay at Goa has issued a stay on the warrant that was previously ordered by the District Consumer Commission, South Goa.
Crucially, the High Court further observed that the Consumer Commission had exceeded its jurisdiction under the Consumer Protection Act when it decided to issue the warrant in the first place. Ola Electric formally requests that this factual and legal position regarding the stay and jurisdictional overreach be taken on record.
Communication Details
For official inquiries regarding this matter, stakeholders are directed to contact Abhishek Chauhan via email at [email protected] or by phone at +91-9911588177.
Source: BSE
