A3Affle 3I542752CIRP or IBC

Supreme Court grants stay on CIRP proceedings of Bobble

Affle 3i says the Hon'ble Supreme Court of India has granted a stay on the CIRP proceedings pending before the NCLT, in the matter of Talent Unlimited Online Services Pvt Ltd (Bobble).

By ScoutQuest · Fri 16 Oct 2026, 5:52 PM IST · 1 min read

Legal Development

Supreme Court of India has granted a stay on the CIRP proceedings pending before the NCLT

Entity Involved

Talent Unlimited Online Services Pvt Ltd (Bobble)

Reference Note

Note 7 of Q1 FY2027 results dated August 8, 2026

What was informed

• Affle 3i Limited (formerly Affle (India) Limited) has intimated that the Hon'ble Supreme Court of India has granted a stay on the Corporate Insolvency Resolution Process (CIRP) proceedings pending before the National Company Law Tribunal (NCLT).
• The CIRP relates to Talent Unlimited Online Services Private Limited, referred to in the update as "Bobble".

The link to the company's accounts

• The update refers back to Note 7 in the company's Q1 FY2027 Consolidated Financial Results dated August 8, 2026.
• In that note, the impact on the carrying value of the investment in Bobble was stated to be subject to the outcome of the appeal.
• Put simply, the value at which the company carries its investment in Bobble on its books was tied to how this legal matter progressed.

What a stay means

• A stay halts the CIRP proceedings before the NCLT for the time being, while the matter is heard by the Supreme Court.
• The company has said it is hopeful that the wrongful initiation of the CIRP will be set aside following the hearing of its appeal pending before the Supreme Court.

How a retail investor can read this

• The immediate continuation of insolvency proceedings against Bobble, an investee company of Affle 3i, has been paused.
• The matter is not over: the company's appeal is still pending before the Supreme Court, and the next step depends on that hearing.

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