Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
NCLT rejects insolvency plea against Zomato
Update / Judgement Date
03 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Insolvency & Bankruptcy Code
The National Company Law Tribunal (NCLT) rejected an insolvency plea against Zomato. This decision underscores the tribunal's assessment of the financial stability of Zomato. The ruling reflects the NCLT's adherence to the criteria for initiating insolvency proceedings. It highlights the importance of demonstrating financial distress to initiate such proceedings.
