Zomato's Financial Future in Jeopardy: Experts React to Nona Lifestyle's Insolvency Plea
2025-03-19
Business Today
Zomato's stock is under scrutiny as Nona Lifestyle Pvt Ltd files a petition with the National Company Law Tribunal (NCLT) to revive an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Experts weigh in on the potential implications of this move, considering the impact on the company's financial stability and future growth prospects in the food delivery market. With the Indian food tech industry experiencing significant changes, Zomato's insolvency proceedings may have far-reaching consequences for investors and stakeholders. Key factors such as debt restructuring and bankruptcy laws will be crucial in determining the company's fate.
