Case Details
Case Name: Netambit Value First Services Pvt Ltd (Applicant) vs. Flipkart Internet Pvt Ltd. (Respondent)
Court/Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Case Number: CP(IB) No. 329/BB/2025
Date of Order: 22.05.2026
Nature of Petition: Filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Parties Involved
Petitioner/Operational Creditor: Netambit Value First Services Pvt Ltd
Represented by: Mr. Gaurav Mitra, Advocate
Respondent/Corporate Debtor: Flipkart Internet Pvt Ltd.
Represented by: Mr. Sunil Fernandes, Senior Advocate, along with Ms. Muskaan Gupta and Mr. Dheeraj Nair, Advocates
Bench: The order was delivered by a two-member bench consisting of Shri Mahendra Khandelwal, Hon'ble Member (Judicial) and Shri Ravindra Chaturvedi, Hon'ble Member (Technical).
Current Status
Hearing: A hybrid hearing (physical and video conference) was conducted.
Arguments: Heard from both the Operational Creditor and the Corporate Debtor.
Written Submissions: Both parties were permitted to file written submissions along with any judgments or citations within one week from the date of the order.
Final Ruling: The order in this matter has been reserved. No final decision or judgment has been delivered as of this order.
The summary is based solely on the procedural order provided, which reserves judgment after hearing arguments. The specific details of the alleged operational debt, the nature of the default, or any financial impact are not disclosed in this particular document.