Dreamfolks Services Limited Disputes Rs 11.40 Crore IBC Petition from Travel Food Services Limited
Dreamfolks Services Limited announced on May 16, 2026, that a petition has been filed against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was submitted by Travel Food Services Limited, identified as an Operational Creditor of the company.The legal action was filed before the National Company Law Tribunal - New Delhi Bench (NCLT, New Delhi). Travel Food Services Limited alleges a default in payment and interest amount regarding services rendered, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against Dreamfolks Services Limited.
The disputed amount cited in the petition amounts to approximately Rs. 11.40 crore.
In response to the filing, Dreamfolks Services Limited strongly disputes the claims made by the Operational Creditor. The company stated that appropriate provisions have already been made in its books of accounts.
Dreamfolks emphasized that it continues to maintain a strong and healthy financial position. The company asserted that the matter is not indicative of any financial stress relating to its operations. The firm also stated that it will take all necessary and appropriate steps to protect its interests and object to the allegations made in the matter.
DREAMFOLKS Stock Price Movement
Shares of Dreamfolks Services Limited slipped by 0.52% on Friday, settling at ₹75.33. Trading on a volume of 62,413 shares, the stock shed ₹0.40 from its previous close of ₹76.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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