wordpress blog stats
Connect with us

Hi, what are you looking for?

Amid merger talks with Flipkart, Snapdeal gets caught in court case dealing with cheating

Snapdeal faces a legal challenge, amid talks of a merger with Flipkart, A city court in Bangalore has directed the local police to register a case of cheating against Jasper Infotech and has issued summons to 10 executives including Snapdeal CEO Kunal Bahl. The city magistrate court has summoned all the parties to appear before it on May 27.

The court acted following a private complaint by Dream Merchants, an events company, which organises the Bangalore Fashion Week. Snapdeal had promised an association with Bangalore Fashion Week and had restrained Dream Merchants from associating with any other competing brand. The e-commerce company refused sponsorship after the first edition of Bangalore Fashion Week.

Snapdeal has been booked under the Section 420 and 120B of Indian Penal Code (IPC). Section 120B deals with criminal conspiracy and Section 420 deals with cheating.

A report by the Times of India claims that event management company had to raise funds and run the event itself. It added that Dream Merchants had approached the police to register an FIR but were forced to file a private complaint, after the police refused to file a report.

Court has summoned the following executives:

Advertisement. Scroll to continue reading.
  1. Kunal Bahl: CEO and Co-Founder of Snapdeal
  2. Amit Maheshwari: Senior Vice President Fashion
  3. Abhishek Passi: Vice President, Business Strategy
  4. Mudita Verma: Director, Women’s Clothing, Jewellery and The Designer Studio
  5. Aditi Soni: Head Events (Fashion) & Communications
  6. Anchal Chauhan: Executive
  7. Surendra Mohta: Associate Director, Contracts
  8. Sushma Earaiah: Executive
  9. Puneet Bhaskar: Executive
  10. Arghya Chakravarty: Executive

Meanwhile, Snapdeal termed the case as “baseless allegations”. “The company is yet to see the complaint filed against it. The company will take all appropriate legal steps to defend it and its employees against all baseless allegations,” a spokesperson said.

Merger with Flipkart?

The Economic Times reports that SoftBank is leading the effort to sell Snapdeal to rival Flipkart. Going by the shareholder agreements, three out of the four major stakeholders — SoftBank Group, early backers Kalaari Capital and Nexus Venture Partners, and promoters Kunal Bahl and Rohit Bansal — who control six of the seven seats on the company’s board, will need to approve the merger.

 

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ