Food delivery giant Zomato is currently facing an insolvency plea which is filed by uniform supplier Nona Lifestyle. The B2B apparel manufacturer has approached the National Company Law Tribunal (NCLT) to start the corporate insolvency resolution process (CIRP) against Deepinder Goyal’s company over alleged non-payment for uniforms supplied to its delivery partner and other apparel. The company stated that Zomato owes it Rs 16483194 for the uniforms worn by delivery partners and other apparel. Currently the market cap of Zomato stands at Rs 1.85 lakh crore as of March 18. The company was among the biggest gainers in the share market with its stock price closing at Rs 204.28. The current market cap of Zomato stands at Rs 1.85 lakh crore as on March 18. Notably Zomato was among the major gainers in the share market with stock price closing to Rs 204.28 up 1.41 percent (Rs 2.85) from the previous close. The petition states that the food delivery ordered several orders in 2023. Nona Lifestyle agreed to supply uniforms for its employees and delivery partners which also included merchandise for the ICC World Cup 2023. As the supplier claimed that he has fulfilled its contractual obligations by manufacturing and supplying a part of its ordered items. The company alleges that the food delivery company delayed payments and refused to accept deliveries citing storage issues. Zomato even used threats and warnings to pressure the company for discounts. Zomato has rejected the allegations stating that Nona Lifestyle repeatedly did not adhere to the established delivery timelines which led to penalties being enforced according to their contract. Zomato further noted that Nona Lifestyle independently altered delivery schedules contributing to the campaigns unsuccessful outcome. The insolvency petition was presented for a hearing in October 2024 but was dismissed for lack of prosecution in November 2024. Following this a request was submitted to reinstate the insolvency petition.