Flipkart hit with second insolvency plea as NCLT seeks reply on ₹1.7 cr Applabs dues
Bengaluru NCLT has issued notice to Flipkart on an IBC Section 9 petition filed by Applabs Media over ₹1.7 crore in unpaid ad-tech dues from a 2019 marketing pact. Next hearing is 14 July. This follows a similar ₹4.37 crore claim by Netambit Value First Services, signalling mounting vendor friction at the e-commerce major.
Bengaluru NCLT has issued notice to Flipkart on an IBC Section 9 insolvency petition by Applabs Media over unpaid ₹1.7 crore ad-tech dues from a 2019 marketing pact. Next hearing 14 July; second such plea after Netambit's ₹4.37 crore claim.
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- Mint · Companies — Same time