NCLT Dismisses Insolvency Plea Against Dunzo

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SUMMARY

An NCLT bench led by Justices Sunil Kumar Aggarwal and Radha Krishna Sreepada held that the insolvency petition was not maintainable and dismissed it

Last year, Invoice Discounters of Dunzo Digital Pvt Ltd filed an insolvency petition against Dunzo over unpaid dues

Other creditors including Betterplace Safety Solutions, Google India, Nilenso, Clover Ventures, Facebook India, Cupshup, Koo, and Glance have also filed insolvency petitions against the hyperlocal delivery startup

In a big relief to the hyperlocal delivery…



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