Zomato Vs. Nona Lifestyle: Experts Weigh In On Insolvency Plea And Stock’s Future
Zomato is facing potential insolvency proceedings as Nona Lifestyle Pvt Ltd has filed a petition with the National Company Law Tribunal (NCLT) seeking to restore an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Nona Lifestyle claims Zomato owes ₹1.64 crore, including interest, due to delayed payments and incomplete delivery, a…