India, April 3 -- In a relief to Zomato, the National Company Law Tribunal (NCLT) has reportedly dismissed an insolvency plea filed against the foodtech major by B2B manufacturer Nona Lifestyle over alleged unpaid dues of INR 1.64 Cr.

A Bar and Bench report said that a coram of judicial member Ashok Kumar Bharadwaj and Technical Member Reena Sinha Puri dismissed the petition by Nona Lifestyle today (On March 03), seeking restoration of an insolvency plea filed by the company last year.

The bench ruled that the petition was in itself not maintainable as it was filed without serving a proper notice under section 8 of the Insolvency and Bankruptcy Code (IBC).

The dismissal of the insolvency petition comes days after the petitioner (Nona L...