Zomato is facing potential insolvency proceedings as Nona Lifestyle Pvt Ltd has filed a petition with the National Company Law Tribunal (NCLT) seeking to restore an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Nona Lifestyle claims Zomato owes ₹1.64 crore, including interest, due to delayed payments and incomplete delivery, a claim Zomato’s counsel disputes, citing a pre-existing dispute. Despite this, Zomato’s stock has seen a rise in today’s trade. On Business Today TV’s “Market Today,” experts analyzed the situation. Arpit Beriwal, Analyst – Derivatives, Motilal Oswal Financial Services, noted Zomato’s relative outperformance during recent market corrections and identified a major support zone around…
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