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