NCLT defers order in Dunzo insolvency plea for third time

The National Company Law Tribunal (NCLT) postponed its decision on admitting Dunzo’s insolvency plea for the third consecutive hearing, reflecting complexities in the quick-commerce startup’s financial restructuring. Creditors allege unpaid dues, while Dunzo seeks resolution via the Insolvency and Bankruptcy Code (IBC). The delays suggest either negotiation attempts or evidentiary gaps in the plea. Observers note that repeated deferrals undermine the IBC’s time-bound resolution ethos, potentially setting a concerning precedent for other distressed startups.