Ola Electric Shares Rebound as Bombay HC Stays CEO Bhavish Aggarwal's Arrest Warrant

• Ola Electric shares gained after Bombay HC at Goa stayed an arrest warrant against CEO Bhavish Aggarwal.
• The warrant was issued by the District Consumer Commission of South Goa for Aggarwal's alleged failure to appear.
• High Court observed the Commission exceeded its jurisdiction under the Consumer Protection Act.
• The case involves a complaint by Pritesh Chandrakant Ghadi seeking a refund for an Ola S1 Pro scooter.
• Shares were previously under pressure due to brokerage downgrades and concerns over EV penetration and service issues.