Flipkart hit with second insolvency plea in three months over ₹1.69 Cr marketing dues

NCLT Bengaluru has issued notice to Flipkart on Applabs Media's Section 9 petition alleging ₹1.69 Cr unpaid dues — the second such filing after Netambit's ₹4.37 Cr plea. Comes as the Walmart-owned giant posts FY25 net loss of ₹1,494 Cr on ₹20,493 Cr revenue, pushes quick commerce 'Minutes', and defers IPO to 2028.

— Filed Tue, 9 Jun, 2026, 20:36 IST · Source Inc42 · Buzz · Updated

NCLT Bengaluru issued Flipkart a notice on Applabs Media's Section 9 insolvency plea over ₹1.69 Cr unpaid marketing dues, the second such petition in three months as Flipkart pushes quick commerce expansion and defers IPO to 2028.

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