Zomato on Brink of Insolvency: Nona Lifestyle Seeks NCLT Petition Restoration
2025-03-18
Times Now
Indian food delivery giant Zomato is facing a potential insolvency plea as Nona Lifestyle Pvt Ltd, an operational creditor, has approached the National Company Law Tribunal (NCLT) to reinstate a previously dismissed petition. This move could have significant implications for Zomato's financial stability and business operations. The petition restoration may lead to a corporate insolvency resolution process, affecting the company's stake in the Indian food delivery market, which is dominated by players like Swiggy and Zomato, with key terms like food tech and online food ordering being closely watched.
