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Karnataka High Court Stays NCLT Order Against Flipkart for Defaulting Payment - (07 Nov 2019)

INSOLVENCY

Karnataka High Court has stayed the order of National Company Law Tribunal which had initiated solvency proceedings against Flipkart. The company had approached the Karnataka High Court after NCLT initiated insolvency proceedings against the Walmart owned company for defaulting on Rs 18 crore payment to one of its suppliers.

Tags : KARNATAKA HIGH COURT   FLIPKART  

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