Acting on the petition filed by Getit Infoservices MD Sanjiv Gupta against Getit and majority shareholder Astro for alleged mismanagement, the National Company Law Tribunal (NCLT) has directed the parent companies against shutting down their e-commerce websites—AskMe Bazaar, AskMe Grocery, and Mebelkart.

The tribunal has ordered the companies to maintain the existing state of affairs on the constitution of the company’s board of directors and asked not hold a board meeting till the next hearing on October 17.

Newsletter

Hello World.

NextBigWhat brings you well curated wisdom, news and actionable insights.

In a world where algorithms are deciding what you read (and learn), we bring a holistic view on product and growth – curated by the experts, enabling you to learn from the knowledgable sources and save time in discovering them.