Nona Lifestyle Moves NCLT To Seek Initiation Of CIRP Against Zomato Over Alleged Non-Payment Of Dues

Nona Lifestyle has moved the NCLT to seek initiation of the Corporate Insolvency Resolution Process (CIRP) against Zomato over alleged debt. This move highlights the use of insolvency proceedings to resolve commercial disputes. The NCLT will examine the merits of the case and determine whether to admit the CIRP application. This case reflects the increasing use of the IBC to address financial distress in the corporate sector.