NCLT Bengaluru initiates insolvency process against Flipkart

Aditi Singh November 6 2019

The National Company Law Tribunal (NCLT) Bengaluru has initiated the Corporate Insolvency Resolution Process (CIRP) against Flipkart India Pvt Ltd.

The order was passed by a bench of Judicial Member Rajeswara Rao Vittanala in a Section 9 plea preferred by CloudWalker Streaming Technologies Pvt Ltd.

Deepak Saruparia has been appointed as the interim resolution professional of Flipkart. The 180-day moratorium has been imposed.

CloudWalker, which engages in the business of import and supply of . . .

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