NCLT lambasts Dunzo for failing to settle with creditors despite having ’enough time’

A dedicated bankruptcy tribunal on Friday pulled up Dunzo Digital Pvt Ltd, a quick commerce platform backed by Reliance Retail, for not reaching a settlement with its creditors despite being given “enough time” to resolve the matter.

“You have taken more than three months for settlement and still nothing has happened. We are not allowing you to file any objections. First file your interlocutory application on why your objections should be considered,” the Bengaluru bench of the National Company Law Tribunal (NCLT) said on Friday. It scheduled the next hearing for 4 November.