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Tag: insolvency

NCLAT sets aside insolvency proceeding against Flipkart, Retail News, ET Retail

New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Monday set aside the insolvency proceedings against e-commerce major Flipkart. CloudWalker, an operating creditor, which imported and retailed LED TVs on Flipkart’s platform, dragged the company to the NCLT last year over alleged default of Rs 26.95 crore towards procured imported televisions as per …

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