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

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Dunzo Digital, a quick commerce platform backed by Reliance Retail, has been reprimanded by a bankruptcy tribunal for failing to reach a settlement with its creditors despite being given ample time to do so. The National Company Law Tribunal (NCLT) criticized Dunzo for not filing its reply to insolvency petitions filed by two of its creditors, Invoice Discounters of Dunzo Digital and Velvin Packaging. The company reportedly owes money to various creditors, including Betterplace Safety Solutions and advertising partners like Google India and Facebook India. Dunzo has recently laid off 150 employees and now has only 50 remaining in its core supply and marketplace teams.