Tag - askme

AskMe Employee Threatens Suicide If Salaries Are Not Given

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...

NCLT Orders Getit Not To Shut AskMe

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...

AskMe : Vendors And Management Fight Continues [Video]

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...

AskMe Shuts Down; Employees Laid Off

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.

Owner Astro Holdings skips board meet as rift deepens in AskMe Group

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...