A bailable warrant has been issued by the Delhi High Court against Sanjiv Gupta, the former MD and CEO of the now defunct online marketplace and classifieds business AskMe, reports VCCircle. The warrant was issued after Gupta apparently failed to appear before the liquidator investigating the alleged fraud at AskMe, though Gupta has denied this. Warrants have also been issued against two former directors of AskMe parent Getit Infoservices Private Limited - Sidharth Gupta and Grant Scott Ferguson. Delhi HC had appointed a provisional liquidator in February this year, and at the same time had directed the Serious Fraud Investigation Office (SFIO) to look into allegations of misappropriation of funds at Getit Infoservices. Earlier, in November last year, the court had ordered that an FIR should be launched against AskMe and AskMeBazaar for cheating and fraud, based on a complaint the court received from Limo Trading. Timeline of AskMe's troubled past October 10th 2016: The Company Law Tribunal dismissed an application by AskMe employees looking to intervene in a case filed by former AskMe MD Sanjiv Gupta against the company. October 3rd 2016: The NCLT allowed Getit Infoservices to hold a board meeting regarding the Sanjiv Gupta Vs Getit Infoservices case. September 2016: Sanjiv Gupta had filed a petition with the National Company Law Tribunal (NCLT) alleging oppression and mismanagement of minority shareholders. His lawyer told MediaNama that Gupta had filed this case in his individual capacity, and alleged that Gupta “was forced to resign (from the Getit board) under coercion, and that resignation has not been accepted as yet.” However, later…
