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Posts Tagged ‘ Sanjiv Gupta ’

Former Astro nominee on AskMe board seeks anticipatory bail on seller complaint

Wednesday, November 30, 2016 | More »

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In an unprecedented occurrence in the Indian ecommerce industry, the executives who represented the investor on the board of a company are caught in legal trouble following the collapse of the business run by the firm. A seller has initiated legal proceedings against the executives who represented M...

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It would be difficult to get a new buyer for AskMe: Sanjiv Gupta

Sanjiv Gupta, former managing director and CEO of Getit Infoservices Pvt. Ltd, that runs e-commerce brand AskMe, is engaged in a fierce battle with the controlling investor Malaysian digital services and telecom conglomerate Astro. AskMe suspended operations following a fund crunch when Astro stoppe...

19 October, 2016 | More »

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AskMe tussle: NCLT postpones hearing to Nov 9

The National Company Law Tribunal (NCLT) has postponed till 9 November the hearing on a petition by Sanjiv Gupta, former managing director and CEO of the defunct e-commerce firm AskMe, against the company’s controlling Malaysian shareholder Astro Group. The hearing was deferred as both Gupta and A...

17 October, 2016 | More »

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

The 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 aspec...

27 September, 2016 | More »

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

Malaysia’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 com...

27 September, 2016 | More »

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Exclusive: AskMe may be wound up as Astro rebuffs management buyout offer

Troubled Indian ecommerce company AskMe is likely headed for a winding-up as its parent Astro Group has rejected the buyout proposal made by the management team leading it. The Malaysia-based group, which owns 98.5% stake in the company, has said it will leave it to the liquidator appointed by the c...

23 September, 2016 | More »

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Exclusive: Sanjiv Gupta makes fresh offer to buy AskMe from Malaysia’s Astro Group

Sanjiv Gupta, former chairman of the troubled hyper-local ecommerce and grocery company AskMe, incorporated as Getit Infoservices Pvt Ltd, has reached out to the controlling shareholder Malaysia’s Astro Group with an offer for management buyout for the third time in as many months. The development...

15 September, 2016 | More »

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Malaysia’s Astro, former Coke India chief & others scripting multiple digital media properties

Four Cross Media Services, a firm co-founded by a group of professionals including Sanjiv Gupta, former chief of Coca Cola India, and backed by funding from Malaysian media group Astro, is building a string of Asian digital media properties, including at least one e-commerce venture with a focus on ...

7 March, 2013 | More »