Affle 3i Limited (Appellant) filed an appeal under Section 61 of the IBC against an order dated 12.06.2026 by the National Company Law Tribunal (NCLT), New Delhi, which admitted Talent Unlimited Online Services Pvt. Ltd. (Corporate Debtor) into Corporate Insolvency Resolution Process (CIRP) based on a Section 7 application filed by Axis Trustee Services Limited (Respondent No. 1), acting as Debenture Trustee. The Appellant, a substantial investor and shareholder in the Corporate Debtor, alleged that the CIRP was initiated fraudulently and maliciously to resist the implementation of an arbitral award and to avoid contractual obligations.
The appeal is filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 against an Order dated 12.06.2026.
The Impugned Order was passed by the Adjudicating Authority (NCLT, New Delhi-Court III) in C.P.(IB) No. 169(ND)/2026.
The Adjudicating Authority admitted the Section 7 application filed by Respondent No. 1-Axis Trustee Services Ltd.
The Corporate Debtor, Talent Unlimited Online Services Pvt. Ltd., was admitted into Corporate Insolvency Resolution Process (CIRP).
The Appellant filed I.A No. 5683 of 2026 seeking condonation of delay of 13 days in filing the appeal.
The Appellant claimed it was not a party to the NCLT proceedings and acquired knowledge of the impugned order only on 16.06.2026.
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Affle 3i Limited (Appellant) filed an appeal under Section 61 of the IBC against an order dated 12.06.2026 by the National Company Law Tribunal (NCLT), New Delhi, which admitted Talent Unlimited Online Services Pvt. Ltd. (Corporate Debtor) into Corporate Insolvency Resolution Process (CIRP) based on a Section 7 application filed by Axis Trustee Services Limited (Respondent No. 1), acting as Debenture Trustee. The Appellant, a substantial investor and shareholder in the Corporate Debtor, alleged that the CIRP was initiated fraudulently and maliciously to resist the implementation of an arbitral award and to avoid contractual obligations.
The appeal is filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 against an Order dated 12.06.2026.
The Impugned Order was passed by the Adjudicating Authority (NCLT, New Delhi-Court III) in C.P.(IB) No. 169(ND)/2026.
The Adjudicating Authority admitted the Section 7 application filed by Respondent No. 1-Axis Trustee Services Ltd.
The Corporate Debtor, Talent Unlimited Online Services Pvt. Ltd., was admitted into Corporate Insolvency Resolution Process (CIRP).
The Appellant filed I.A No. 5683 of 2026 seeking condonation of delay of 13 days in filing the appeal.
The Appellant claimed it was not a party to the NCLT proceedings and acquired knowledge of the impugned order only on 16.06.2026.
…Appellant issued an inspection notice to the…
Appellant issued…