The Benagluru bench of National Company Law Tribunal (NCLT) on Friday pulled up cash-strapped quick commerce platform, Dunzo for failing to settle dues with its creditors despite being given enough time. Reliance Retail and Google are the major investors in Dunzo.
The tribunal was hearing insolvency petitions filed by Invoice Discounters of Dunzo Digital and Velvin Packaging.
“You have taken more than three months for settlement and still nothing has happened,” the NCLT bench stated, refusing to allow Dunzo to file objections. The next hearing is scheduled for November 4.
From: financialexpress
Financial News
