Dunzo Faces Another Insolvency Case by Invoice Discounters

Invoice Discounters of Dunzo Digital have filed insolvency proceedings against the digital e-commerce platform, Dunzo alleging that the company has only partially repaid its dues as per a report by Mint.

There is no clarity on the amount that Dunzo owes to Invoice Discounters.

An NCLT order on 29 May stated that both parties had sought more times as the settlement talks were underway. But the bench stated that in case there was no settlement, Dunzo would have to reply to the petition in two weeks.

Dunzo’s counsel reportedly had told the tribunal that the parties involved are genuinely exploring settlement talks and are close to finalising the settlements. The counsel further stated that if the “settlement talks fail, we will go ahead and file a reply in the matter.”

Invoice Discounters provide services such as asset management, hiring delivery staff, background checks, and merchandise, as outlined in a platform subscription agreement and master service agreement to Dunzo.