The National Company Law Tribunal (NCLT) has ruled in favour of food delivery giant Zomato, dismissing an insolvency plea filed by B2B apparel manufacturer Nona Lifestyle over alleged unpaid dues of Rs 1.64 crore, CNBC TV18 reported. The decision brings significant relief to Zomato, which was embroiled in a legal battle over non-payment claims linked to rider uniforms and ICC World Cup 2023 jerseys.
What is the Zomato dispute?
The dispute arose when Nona Lifestyle accused Zomato of defaulting on payments for uniforms supplied to its delivery partners. According to the supplier, it had fulfilled all contractual obligations, including the timely delivery of customised apparel. However, Zomato reportedly refused to accept certain…
