Delhi High Court has ordered Getit directors to disclose their personal assets, as part of the ongoing battle around the company closure. Getit owes Rs. 61,81,804/ to its vendors and employees. The particulars of assets held in the name of all the Directors of the respondent-company along with the...
Tag - askme
An AskMe employee has sent an email to senior management threatening suicide if the salaries aren’t deposited within the next 5 days. Note that the company hasn’t given salary for more than 2 months and laid off 4,000 employees without any due notice. Earlier, NCLR (National Company Law...
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...
Around 4,000 employees of AskMe, which is on the verge of closure, after its promoter, Malaysia-based Astro Overseas pulled out last month without paying the last tranche of funds to the company, have filed a petition to the National Company Law Tribunal (NCLT), to address their grievances as they...
Commerce minister, Subramanian Swamy has now intervened and asked the cabinet to assist Askme to buy out the 98.5% share holding of investor, Astro.
AskMe is on the verge of shutting down and the company owns close to 300 crores towards vendor payment. Today, the sellers met with new independent directors who says they are new and need time to study. As per them, previous transactions are not their liability. They were asking for 30 days time...
Astro Holdings, which holds 98.5% stake in AskMe Group, refused to participate in the next round and also didn't do the MBO (management buy out). Astro earlier skipped the company’s board meeting widening the differences with the minority shareholders.
Astro Holdings, which holds 98.5% stake in AskMe Group, skipped the company’s board meeting recently, widening the differences with the minority shareholders. Astro reportedly refused to accept the management’s proposal to include employees and creditors in board meeting. Minority shareholders have...