Flipkart hit with second insolvency plea in three months over ₹1.69 Cr marketing dues

NCLT Bengaluru has issued notice to Flipkart on Applabs Media's Section 9 petition alleging ₹1.69 Cr unpaid dues — the second such filing after Netambit's ₹4.37 Cr plea. Comes as the Walmart-owned giant posts FY25 net loss of ₹1,494 Cr on ₹20,493 Cr revenue, pushes quick commerce 'Minutes', and defers IPO to 2028.

— Source publishedTue, 9 Jun, 2026, 20:30 IST·First seen Tue, 9 Jun, 2026, 20:35 IST·Source Inc42 · Buzz

What happened

NCLT Bengaluru issued Flipkart a notice on Applabs Media's Section 9 insolvency plea over ₹1.69 Cr unpaid marketing dues, the second such petition in three

Key facts

  • ₹1.69 Cr dues
  • ₹4.37 Cr prior plea
  • FY25 revenue ₹20,493 Cr
  • FY25 net loss ₹1,494 Cr
  • IPO deferred to 2028

Why this matters

Mounting vendor disputes and a deferred listing window create an opening to renegotiate marketing-services contracts and explore distressed roll-ups of mid-tier ad-tech suppliers caught in Flipkart's payment cycle.

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