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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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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FirstCry Subsidiary GlobalBees Faces Insolvency Plea


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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