The NCLT has dismissed an insolvency plea against Zomato filed by Nona Lifestyle over alleged non-payment of dues. The tribunal ruled the petition “not maintainable” due to procedural lapses, reinforcing the necessity of adhering to legal formalities under the IBC.
View More NCLT Rejects Insolvency Plea Against Zomato Over Payment Dispute
New Delhi: The National Company Law Tribunal (NCLT) has issued notices to key stakeholders, including Byju’s founders and Blackstone-backed Singapore Topco, in response to a…
View More NCLT Issues Notice in Aakash Shareholder Dispute Over Governance Amendments
The insolvency petition comes at a challenging time for Ola Electric. The company is also facing financial pressure, having reported a net loss of ₹564 crore in Q3 FY25.
View More Ola Electric hits 52-week low as service provider files insolvency plea