An insolvency petition has been filed against GlobalBees Brands—a digital-first roll-up platform and subsidiary of FirstCry’s parent, BrainBees Solutions—for about ₹64.92 crore plus accumulated interest (18% per annum from May 9)

The petition was lodged with the National Company Law Tribunal (NCLT) in Delhi by individuals linked to Kuber Mart Industries: Ashutosh Garg, Paritosh Garg, and Manju Agarwal. BrainBees states they will contest the plea even at the admission stage, and the financial implications depend on the tribunal’s decision.The filing doesn’t affect the stake structure: BrainBees holds a 51% share in GlobalBees.

GlobalBees is a Thrasio-style aggregator investing in and scaling D2C brands. It recently received infusion from FirstCry and had significant board shakeups (notably the exit of investor-backed directors) ahead of this action.

GlobalBees will respond legally, and the NCLT will decide whether to admit the case. If admitted, insolvency resolution proceedings may commence; if dismissed, the company can continue normal operations.

sources