The plea filed by invoice discounters of a Reliance Retail-backed company has sought admission of Dunzo into the Corporate Insolvency Resolution Process (CIRP). The matter was first listed for pronouncement on April 4, but the NCLT had then also said it had not been able to finalise the order. It was subsequently relisted for April 28 (Monday).
However, on April 28, the Tribunal stated that it required three more days to complete the order. On May 1, the matter was again listed, but the coram reiterated that the delay was due to time constraints.
During the hearing, lawyers appearing in the matter asked whether the Tribunal required any further clarification or assistance. It responded that the delay was purely due to their inability to…
