The National Company Law Tribunal at Bengaluru has issued notice to Flipkart Internet Private Limited on a plea filed by Applabs Media Private Limited seeking initiation of insolvency proceedings over an alleged operational debt of ₹1.69 crore.
A coram of Judicial Member Mahendra Khandelwal and Technical Member Radhakrishna Sreepada passed the order.
According to the operational creditor, the debt arises from three invoices amounting to ₹1.69 crores raised under a Marketing Agreement dated December 5, 2019. Under the agreement, Applabs Media was engaged to provide cost-per-transaction campaign services for events conducted through mobile applications and other digital platforms.
The operational creditor submitted that invoices were…