Flipkart has rejected the above claims, as it thinks this matter does not come under any insolvency process at all. According to Flipkart, there is an ongoing dispute between the two over the applicant’s allegations.
Legal experts, who raise these concerns, say that insolvency cases cannot be used to recoup dues by anyone, especially when there is already a dispute between the parties involved.
The has taken up the matter to determine if the case should be admitted under the provisions of IBC. The admission of the case does not mean in any way that the liabilities of either party can be proved at all.
Also Read: