NCLT issued notice to GoMechanic on an insolvency petition for nonpayment of dues

February 17, 2023

, By Team SNFYI

NCLT issued notice to GoMechanic on an insolvency petition for nonpayment of dues

Share via:

The National Company Law Tribunal (NCLT) issued a notice to the beleaguered Sequoia-backed automobile after-sales service startup GoMechanic on Wednesday (February 15) regarding an insolvency petition filed against the company.

DigiRovers, a Gurugram-based company that provided digital marketing services to the startup, filed a petition with the tribunal last month, alleging that the startup failed to make payments totaling INR 1.25-1.5 crore. GoMechanic paid DigiRovers on time until July 2022, when it went into default for a few months. According to a source cited by the online news portal, the startup attributed it to an external audit and due diligence at the time. DigiRovers served GoMechanic with a notice in January and, after receiving no response, petitioned the NCLT. The hearing in the case is scheduled for March 27.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

BYJU’S in talks with private equity firm TPG to raise $500 Mn to help it avoid potential debt issues

Next News

EV startup FreshBus raised $3.1 million in seed from ixigo

Popular

More Like this

NCLT issued notice to GoMechanic on an insolvency petition for nonpayment of dues

February 17, 2023

, By Team SNFYI

NCLT issued notice to GoMechanic on an insolvency petition for nonpayment of dues

The National Company Law Tribunal (NCLT) issued a notice to the beleaguered Sequoia-backed automobile after-sales service startup GoMechanic on Wednesday (February 15) regarding an insolvency petition filed against the company.

DigiRovers, a Gurugram-based company that provided digital marketing services to the startup, filed a petition with the tribunal last month, alleging that the startup failed to make payments totaling INR 1.25-1.5 crore. GoMechanic paid DigiRovers on time until July 2022, when it went into default for a few months. According to a source cited by the online news portal, the startup attributed it to an external audit and due diligence at the time. DigiRovers served GoMechanic with a notice in January and, after receiving no response, petitioned the NCLT. The hearing in the case is scheduled for March 27.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

BYJU’S in talks with private equity firm TPG to raise $500 Mn to help it avoid potential debt issues

Next News

EV startup FreshBus raised $3.1 million in seed from ixigo

More like this

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!