Ola Electric received a show-cause notice from the Central Consumer Protection Authority (CCPA) on October 7 due to numerous consumer complaints, primarily about service delays and vehicle defects. The company has 15 days to respond and address these grievances, facing heightened scrutiny over its service practices and product reliability.
The Supreme Court criticized SEBI for taking a decade to issue a show-cause notice to a finance company accused of misappropriating funds, emphasizing the need for regulatory efficiency. The court questioned SEBI’s delayed investigation, signaling a call for accountability and improvement within the regulatory body. This critique highlights the challenges in regulatory oversight and the necessity for timely and effective regulation.
