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Category Archives: Bankruptcy

Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary

BankruptcyBy EditorMarch 18, 2025

Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE). With this drop, Ola Electric’s stock fell below the Rs 50 mark for the first time. The company’s shares have now fallen 37 per cent from its…

Zomato share price surges over 6% despite possible revival of old insolvency plea

BankruptcyBy EditorMarch 18, 2025

Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company Law Tribunal (NCLT). It has come to light that Nona Lifestyle Private Limited has moved the law tribunal to restore an insolvency plea that it…

Zomato faces insolvency case over $188k in unpaid dues – Tech in Asia

BankruptcyBy EditorMarch 18, 2025

Zomato faces insolvency case over $188k in unpaid dues  Tech in Asia Read the original article here

Zomato shares jump 6% despite the firm’s insolvency plea reports; check details

BankruptcyBy EditorMarch 18, 2025

Shares of Zomato jumped 6% during the intraday trade on Tuesday, March 18, though the food delivery aggregator may face an insolvency plea as one of its operational creditors has moved the National Company Law Tribunal (NCLT), seeking restoration of its previous petition. Nona Lifestyle Pvt Ltd, an operational creditor, has moved NCLT requesting to…

Ola Electric's Troubles Mount: Insolvency, Consumer Rights Violations, and More – Outlook Business

BankruptcyBy EditorMarch 18, 2025

Ola Electric’s Troubles Mount: Insolvency, Consumer Rights Violations, and More  Outlook Business Read the original article here

Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary By IANS – Investing.com India

BankruptcyBy EditorMarch 18, 2025

Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary By IANS  Investing.com India Read the original article here

Ola Electric Share Price: Market Trends & Latest Company Updates – Samco

BankruptcyBy EditorMarch 18, 2025

Ola Electric Share Price: Market Trends & Latest Company Updates  Samco Read the original article here

Zomato Faces Insolvency Plea, Supplier Claims Pending Dues Of Rs 1.64 Crore

BankruptcyBy EditorMarch 18, 2025

Zomato, one of India’s leading food delivery platforms, is facing an insolvency plea from its uniform supplier, Nona Lifestyle. The supplier has alleged that Zomato has outstanding dues amounting to Rs 1.64 crore, including interest. The case was brought before the National Company Law Tribunal (NCLT), where Nona Lifestyle sought to restore an earlier plea…

Govt blamed for another school lunch provider insolvency – The Post

BankruptcyBy EditorMarch 18, 2025

Govt blamed for another school lunch provider insolvency  The Post Read the original article here

Zomato Faces Potential Insolvency Plea as Nona Lifestyle Moves NCLT for Petition Restoration – Times Now

BankruptcyBy EditorMarch 18, 2025

Zomato Faces Potential Insolvency Plea as Nona Lifestyle Moves NCLT for Petition Restoration  Times Now Read the original article here

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