Snapdeal under radar for allegedly cheating Delhi entrepreneur

April 16, 2017, 12:46 pm
Snapdeal under radar for allegedly cheating Delhi entrepreneur
INDIA
INDIA
Snapdeal under radar for allegedly cheating Delhi entrepreneur

Snapdeal under radar for allegedly cheating Delhi entrepreneur

Online shopping giant Snapdeal’s CEO Kunal Bahl and two others have been summoned by a Delhi court on a criminal complaint of an entrepreneur who alleged that his idea of connecting sellers and buyers through an e-platform was unauthorisedly usurped by the firm and its officials.

Additional sessions judge RK Tripathi issued a notice to Snapdeal CEO Kunal Bahl, COO Rohit Bansal and its former chief financial officer (CFO) Vijay Ajmera for allegedly cheating entrepreneur Gaurav Dua’s concept of “non-inventory holding marketplace model for retail” in the notion of collaborating with him.

“Heard. Record perused. Issue notice of revision petition to respondents vide all prescribed modes returnable for 17 May, 2017,” the judge said.

Dua had lodged a criminal complaint against the founders and the CFO under sections 420 (cheating), 406 (criminal breach of trust) and 120B (criminal conspiracy) of the IPC, which was dismissed by a trial court earlier. He had then filed a revision petition before sessions court.

According to his complaint, Dua, an engineer and entrepreneur, founded portals marketsdelhi.com in 1999 and indianretail.net in 2005 and brought the benefits of digital technology to the retail community.