CHENNAI: The Chennai bench of the National Company Law Tribunal (NCLT) on Thursday adjourned hearing on an insolvency case against homestay aggregator Stayzilla to September 12.
Vendor Jigsaw Solutions has filed a petition seeking initiation of corporate insolvency as an operational creditor under Section 9 of the Insolvency & Bankruptcy Code 2016 against Inasra Technologies (the company which owns Stayzilla).
On Thursday, the petitioner’s advocate informed the bench that their counsel could not be present due to a matter in the high court.
The advocate representing Stayzilla told the bench that Jigsaw had not only failed to provide services as agreed upon but had doctored evidence to prove otherwise. He added that docume…
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