◆ Mixed
Rapido files insolvency plea against Magicpin over unpaid operational dues
NCLT is in focus.
19 Sept 2026 · BS Companies
Rapido has filed an insolvency petition against Magicpin at the NCLT over alleged unpaid operational dues of less than ₹10 crore.
The analysis
NCLT reported ₹10 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With NCLT involved, this carries a regulatory dimension that can outlast the immediate market reaction.