[Update] : The High Court of Karnataka has stayed the NCLT proceedings against Flipkart. The Stay Order dated 25th October 2019 was passed by Justice B Veerappa on the strength of submissions advanced by Senior Advocate Dhyan Chinnappa. The Senior Advocate, who appeared for Flipkart, contended that NCLT has travelled beyond its jurisdiction in admitting the company into CIRP. The counsel...
