snapdeal co working
BUSINESS

Court orders FIR against Snapdeal, CEO for cheating

Snapdeal, one of the biggest e-commerce platforms for people who love to shop online. This e-commerce giant is in news once again.

Jasper InfoTech Pvt Ltd, owner of Snapdeal is going through a challenging period these days. A city court has filed a case against this company for cheating.  This cheating case has trapped the company, 11 renowned executives that include the CEO and the founder of the company, Kunal Bahl.

The magistrate court has sent summons to all of these executives to appear before the court on or before May 27, 2017. This case was filed by a private firm called Dream Merchants. This is an event management company, locally based that frequently organizes Fashion week in Bangalore by the name “Bangalore Fashion Week (BFW)”.

What is the case about?

According to the charges informed by the Dream Merchant, Snapdeal signed a 3-year contract with the company and is now dishonoring the contract. According to the contract signed by both the parties, snapdeal will sponsor the Bangalore Fashion Week for three years but now, Snapdeal is refusing after the first edition of their BFW was launched.

In addition to this, according to the reports given by the Dream Merchant, their company cannot work with snapdeal’s competitor while organizing BFW.

Dream Merchants somehow managed to run the BFW by raising funds from other sources. After the successful release of their BFW, the Dream Merchant contacted police. But Police officers refused to register a FIR and provoked the company to file a complaint last year in the month of May.

After listening to the complaints launched by Dream Merchants and going through the private complaint, the 8th additional chief metropolitan magistrate said that “After hearing the entire scene, it was clear that the snap deal single-handedly terminated the contract without giving any reasons to the Dream merchant. This caused lots of discomfit and loss to the company. So, as reported in Times of India, the court as per IPC’s Section 420 registers a case of cheating on the CEO and founder of the company and other 11 executives of the company. As a result, all of them will be sent to jail for the term of over 7 years.

Want to be a guest author? Register Here to share your business knowledge with our readers.

Court orders FIR against Snapdeal, CEO for cheating
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INDIAN CEO provides latest business news about Indian CEOs, startups, business, funding, founders, new ideas, technology, apps, gadgets

Stay tuned to get latest updates on startup business in India and listen right from heart of Indian CEOs.

INDIAN STARTUP VENTURES LLP

Partner

AWS Activate Partner

Subscribe for Insider Updates

Get Stories delivered to your Inbox

Copyright © 2015 INDIAN CEO. A Indian business news magazine

To Top