Betterplace Safety Solutions has moved the National Company Law Tribunal (NCLT) in Bengaluru against Dunzo Digital for unresolved payments. The panel comprising of judicial member Justice T Krishnavalli and technical member Manoj Kumar Dubey have issued a notice regarding the matter and scheduled a hearing for March 4.
Khurana & Khurana Advocates and IP Attorneys were the representatives for Betterplace.
This petition, aimed at initiating the corporate insolvency resolution process (CIRP) under Section 9 of the
Insolvency and Bankruptcy Code (IBC), was officially filed on November 21, 2023. Subsequently, it was listed for further proceedings on January 24.
The outstanding debt owed by
Dunzo to Betterplace stems from various services provided, including background verification, recruitment of delivery personnel, asset management, and merchandise, all delineated within a master service agreement and platform subscription agreement.
Despite granting multiple extensions, Dunzo has allegedly failed to settle these outstanding dues, necessitating Betterplace's decision to pursue legal recourse.
(Edited by : Anand Singha)
First Published: Feb 16, 2024 6:52 PM IST
