The National Company Law Tribunal (NCLT) has refused to initiate insolvency proceedings against Zomato, bringing relief to the food delivery giant amid a legal dispute over alleged unpaid dues of ₹1.64 crore.
The petition was filed by Nona Lifestyle, a B2B apparel manufacturer, which claimed that Zomato failed to pay for rider uniforms and merchandise, including jerseys for the ICC World Cup 2023. According to Nona Lifestyle, the company fulfilled its contractual obligations but faced payment delays, refusals of delivery over storage concerns, and pressure from Zomato to offer discounts.
Zomato has denied the allegations, maintaining that payments were made for all uniforms supplied within the agreed timeframe. It further claimed that…
