Karnataka HC extends stay on NCLT order initiating insolvency process against Flipkart

Bar & Bench November 6 2019
karnataka high court

The Karnataka High Court has extended the stay earlier granted on the order passed by the National Company Law Tribunal (NCLT) Bangalore which had initiated the Corporate Insolvency Resolution Process (CIRP) against Flipkart India Pvt Ltd.

The High Court had initially stayed the order passed by the NCLT on October 25. In an order passed on October 31, the Single Judge Bench of Justice B Veerappa

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