The National Company Law Tribunal (NCLT), Bengaluru Bench, on 6 August admitted Quick-commerce startup Dunzo Digital Private Limited into the Corporate Insolvency Resolution Process (CIRP). The order was passed today in response to a petition filed by Velvin Packaging Solutions Pvt. Ltd., an operational creditor, over a default of ₹2.29 crore.
The tribunal, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, found Dunzo’s defenses against the petition to be “vague,” “an afterthought,” and unsupported by evidence. The ruling underscores the stringent standards for raising a “pre-existing dispute” under the Insolvency and Bankruptcy Code (IBC),…