Astro approaches court for winding up AskMe

For-Vikram-Ahuja-Case-Story_ThinkstockPhotos-498474849Malaysian telecom and media conglomerate Astro Entertainment Network Ltd (AENL), which is the majority investor in the now defunct ecommerce company AskMe.com, has approached the Delhi High Court seeking the wind-up of the firm. The court is expected to hear the petition soon. Astro’s petition for AskMe’s closure is in line with its position that […]

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Exclusive: Paying salary for AskMe staff is management’s responsibility, says Astro

ASKme_Bazaar3Malaysia’s Astro Group, the controlling stakeholder in the defunct ecommerce firm AskMe, has put the onus to pay employees and vendors on the company management led by chairman Sanjiv Gupta. Astro has been under fire from Gupta and other employees of AskMe for not transferring funds as per its commitment, leading to suspension of operations […]

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Exclusive: Astro’s chequered history kept investors away from AskMe: Sanjiv Gupta

Sanjiv-Gupta_feThe management of AskMe had proposed a buyout offer as “the chequered past” of the majority investor Astro discouraged other investors from associating with the company, said Sanjiv Gupta, former chairman of the troubled ecommerce firm which faces closure threat. “It belies every aspect of sanity when they are not interested in the proposed MBO […]

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