eCommerce
FirstCry Subsidiary GlobalBees Faces Insolvency Plea
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SUMMARY
FirstCry parent Brainbees said that Ashutosh Garg, Paritosh Garg and Manju Agarwal filed the plea for an alleged claim amount of INR 64.92 Cr, excluding interest
GlobalBees acquired a 74% stake in Kuber Mart, which counts the petitioners as shareholders, in December 2021
Brainbees said GlobalBees was “actively seeking appropriate” legal advice and undertaking all necessary measures to oppose the application to safeguard its interests
Three individuals have filed a petition to initiate insolvency proceedings…
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