askme Archives - nextbigwhat

Digital India

Getit Case: Personal assets of directors to be disclosed, orders Delhi High Court

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.…

Indian Startups

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…

Indian Startups

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…

Indian Startups

AskMe Employees File Petition to NCLT, As 4,000 left In The Lurch

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…

Digital India

Commerce Minister Intervenes In AskMe Shutdown Saga : Report

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.

Indian Startups

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…

Tech

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.

Tech

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 also alleged that Astro hasn’t cleared dues of Rs 300 crore.