NCLT
Reliance Retail-backed hyperlocal delivery startup Dunzo has come under scrutiny from the National Company Law Tribunal (NCLT) for failing to reach a settlement with its creditors.TheÍŹÍŹ BengaluruÍŹÍŹ benchÍŹÍŹ ofÍŹÍŹ theÍŹÍŹ NCLTÍŹÍŹ notedÍŹÍŹ todayÍŹÍŹ (SeptemberÍŹÍŹ 27)ÍŹÍŹ thatÍŹÍŹ...
Struggling hyperlocal delivery platform Dunzo has reportedly laid off 150 employees in a new round of cuts, reducing its workforce to just 50 across its supply and marketplace divisions.This comes amid the Bengaluru-based startup's financial woes...
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Cash-strapped Dunzo hit with fresh legal trouble as another creditor seeks insolvency
Legal trouble conÍŹtiÍŹnues ÍŹtoÍŹ escalatÍŹe for ÍŹcash-strapped hyperlocal delivery startup Dunzo, aÍŹÍŹs a creÍŹditorÍŹÍŹ has ÍŹapproÍŹachÍŹedÍŹ ÍŹtÍŹhe BÍŹeÍŹngÍŹaluruÍŹ ÍŹÍŹBÍŹÍŹenÍŹchÍŹ oÍŹf ÍŹtÍŹhe NÍŹatioÍŹnaÍŹl ÍŹÍŹCoÍŹÍŹmpaÍŹny ÍŹLaÍŹw...
PC Jeweller secures Punjab National Bank approval for one-time settlement of outstanding dues
PC Jeweller Ltd has confirmed that Punjab National Bank has approved a one-time settlement oÍŹf its outstanding dues. In a rÍŹegulatorÍŹyÍŹ ÍŹdisclosure, ÍŹPC Jeweller...
Malabar Gold files insolvency petition against ecommerce giant Flipkart, NCLT hearing scheduled for August
Malabar Gold, a ÍŹjewellery retailer, haÍŹÍŹs sÍŹuÍŹbÍŹmÍŹitteÍŹdÍŹ aÍŹnÍŹ ÍŹinsolvency petition agÍŹainstÍŹ ecommerce giant Flipkart at thÍŹe ÍŹÍŹÍŹBengÍŹalÍŹÍŹuru benÍŹÍŹchÍŹÍŹÍŹÍŹ oÍŹÍŹfÍŹ tÍŹÍŹhe National Company Law Tribunal...
Sumuka Agro receives BSE approval for merger with Gujjubhai Foods
Sumuka Agro, ÍŹÍŹÍŹa ÍŹpÍŹromiÍŹnent cÍŹoÍŹÍŹnÍŹsumeÍŹr food brand iÍŹÍŹnÍŹÍŹ ÍŹIÍŹnÍŹdiaÍŹÍŹÍŹ, hasÍŹ ÍŹobtaineÍŹdÍŹ the merger No ObjeÍŹcÍŹtiÍŹoÍŹn CÍŹertÍŹÍŹificÍŹate (ÍŹÍŹNÍŹOC) ÍŹfÍŹromÍŹ ÍŹtÍŹhÍŹe ÍŹÍŹBombay Stock Exchange (BSE),ÍŹ ÍŹÍŹÍŹclearÍŹing...
NCLT grants Dunzo two-week extension to settle dues with Betterplace
Offering some respite to the troubled hyperlocal startup Dunzo, the National Company Law Tribunal (NCLT) has reportedly granted the Reliance Retail-backed company a two-week...
Beauty retailer Nykaa overhauls operations: Merges LBB with Nykaa Fashion in strategic restructuring
Beauty e-commerce giant Nykaa has announced a significant restructuring of its business divisions.The company's board has given the green light for parent FSN E-Commerce...
Mamaearth parent Honasa Consumer plans merger of two subsidiaries to eliminate cost duplication and enhance efficiency
Honasa Consumer, the Delhi-NCR based parent entity of D2C brand Mamaearth, has announced that its board has approved the integration of two of its...
NCLT accepts insolvency application against Winsome Diamonds’ promoter Jatin Mehta
The National Company Law Tribunal's Ahmedabad bench has accepted an insolvency resolution application against Jatin Rajnikant Mehta, the personal guarantor of the insolvent Winsome...
NCLT rejects resolution plan for Cambay Hotels operator
The bankruptcy court in Ahmedabad has rejected Gujarat-based Express Group of Hotels’ revival plan for Neesa Leisure Ltd, which operates a luxury hotel chain...
NCLT warns Dunzo of moratorium over unpaid dues worth INR 4 Cr
The National Company Law Tribunal (NCLT) has warned Dunzo that it may impose a moratorium on the hyperlocal delivery startup if it does not...
NCLT grants 45-day extension for Future Supply Chain Solutions’ corporate insolvency resolution
Lenders backing Kishore Biyani's Future Supply Chain Solutions have been granted a 45-day extension to finalize the corporate insolvency resolution process (CIRP), allowing them...
Dunzo faces further setback as NCLT accepts insolvency plea filed by Velvin Packaging
Adding to the growing challenges faced by Dunzo, the National Company Law Tribunal (NCLT) has accepted Velvin Packaging Solutions Private Limited's insolvency plea against...