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Category Archives: Bankruptcy

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

Ola Electric shares hit record low amid supplier insolvency petitions

BankruptcyBy EditorMarch 18, 2025

Ola Electric share prices traded at their lowest since listing after news that two suppliers had filed an insolvency petition with the NCLT in Bengaluru, alleging non-payment of dues amounting to a cumulative ₹22.5 crore. Ola Electric has disputed the claim and said that it is fighting it legally. The company’s shares were trading at…

Lenders transfer Jaiprakash Associates’ debt to NARCL amid insolvency

BankruptcyBy EditorMarch 18, 2025

Jaiprakash Associates Ltd (JAL), a key entity within the Jaypee Group, is currently undergoing an insolvency process. In a significant move, a consortium of lenders has transferred their outstanding loans from JAL to the National Asset Reconstruction Company Ltd (NARCL). This decision is part of the broader efforts to manage non-performing assets (NPAs) and improve…

Zomato insolvency plea: Zomato faces insolvency plea over alleged Rs 1.64 crore unpaid dues

BankruptcyBy EditorMarch 18, 2025

Food delivery giant Zomato is facing an insolvency plea from uniform supplier Nona Lifestyle, alleging unpaid dues of Rs 1.64 crore, as reported by Bar and Bench on March 17. The National Company Law Tribunal (NCLT) has adjourned the case to April 3, requesting the petitioner to clarify its next steps. According to the report,…

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