National Company Law Tribunal provides interim relief to AskmeBazar

National Company Law Tribunal (herein NCLT), the adjucating authority set under the Companies Act, 2013 has stopped Getit Infoservices from shutting down its ecommerce websites – AskMeBazaar, AskMeGrocery and Mebelkart. The order was passed as a relief measure in the company petition made by AskMe MD Sanjeev Gupta against Malaysia-based Astro Group under the provisions of the Companies Act, 2013 related to oppression and mismanagement of the companies.  

Askme is learnt to have fired up 4000 employees who were set to loose their jobs due to financial turmoil and cash crunch faced by the company.