Flipkart Faces Fresh Insolvency Plea Over Alleged Payment Default
India, June 9 -- The National Company Law Tribunal (NCLT) Bengaluru bench has reportedly issued a notice to ecommerce giant Flipkart after its former marketing service provider Applabs Media Pvt Ltd filed an insolvency petition alleging unpaid dues of Rs.1.69 Cr.
As per a Live Law report, the service provider claims that it delivered the agreed services and raised three invoices collectively worth Rs.1.69 Cr, which were payable within 45 days. However, it claims that the dues remain outstanding.
Inc42 has reached out to Flipkart to get comments on the development. The story will be updated based on the responses.
The NCLT bench, comprising Justice Mahendra Khandelwal and Radhakrishna Sreepada, heard the plea, which was filed under Sect...
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