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METRO Cash & Carry directed to appear before NCLT in unpaid dues case, Retail News, ET Retail


METRO Cash & Carry directed to appear before NCLT in unpaid dues case

METRO Cash & Carry has been asked to appear before the National Company Law Tribunal (NCLT) in a case slapped by one of its vendors alleging unpaid dues, according to people aware of the matter.

The case has been brought by NWCC Supply Chain Solutions Private Limited and its affiliate North West Carrying Company LLP, both Delhi-based logistics service providers who claim they have unpaid invoices of Rs. 1.3 crore and Rs. 1.9 crore that have not been cleared by the international wholesale company.

METRO Cash & Carry and NWCC Supply Chain Solutions Private Limited had not responded to ET’s queries until press time.

Dusseldorf-headquartered METRO operates 678 wholesale markets in 34 countries and had sales of $25 billion in 2019-20 as per the company’s website.

It entered the Indian market in 2003. The company operates 31 wholesale distribution centers in India servicing the needs of traders who wish to buy food and non-food assortments in bulk for onward sale to retail customers.

ET had reported on 17 January that METRO was reviewing its wholesale cash & carry business in India. We subsequently reported on 20 May that the company has put up the wholesale cash & carry business in India for sale.





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