US EditionExclusive: Reliance-Backed Dunzo Admitted Into Insolvency
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Exclusive: Reliance-Backed Dunzo Admitted Into Insolvency
The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against Reliance-backed startup Dunzo. The plea has been filed by one of its vendors, Exotel Techcom Private Limited. The NCLT bench admitted Dunzo to the Corporate Insolvency Resolution Process (CIRP) after an insolvency plea against the startup filed by another vendor, Velvin Packaging Solutions Pvt Ltd in September 2024. “Under Section 9 of the I…
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