New Delhi, April 3 -- The National Company Law Tribunal (NCLT) Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of Rs.1.64 crore.
The tribunal rejected the petition on maintainability grounds, citing drafting errors, and refused the operational creditor's request to allow its restoration.
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Business-to-business (B2B) apparel manufacturer Nona Lifestyle sought to initiate a Corporate Insolvency Resolution Process (CIRP) against Zomato, claiming non-payment for uniforms and merchandise, including ICC World Cup 2023 apparel.
According to Nona Lifestyle, Zoma...
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