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Tag: nclat

NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart, Retail News, ET Retail

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders’ body CAIT against CCI nod to Walmart‘s USD 16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart …

NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart, Retail News, ET RetailRead More

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 …

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