The National Law Company Tribunal (NCLT) in Bengaluru on Thursday once again deferred its order on a petition seeking the initiation of insolvency proceedings against hyperlocal delivery platform Dunzo, as per reports by Bar & Bench.
This marks the third postponement by the Tribunal, despite the urgency outlined under India’s Insolvency and Bankruptcy Code (IBC).
The insolvency plea, filed by invoice discounters of the Reliance Retail-backed startup, was first scheduled for pronouncement on April 4, then pushed to April 28, and again to May 1. On each occasion, the Tribunal cited the inability to finalise the written order. It has now scheduled the pronouncement for May 27.
The plea was originally filed in 2024, seeking the admission of…
