Express News

Snapdeal founders accused of Copying Business Model!

As Investors of Snapdeal are trying to handover Snapdeal to Flipkart recently, Snapdeal Founders are summoned by Delhi court. This Indian E-commerce startup faces another legal problem as Ministry of commerce and Normal Sitharaman has been informed of Late payments issue.

ET Reported that Snapdeal CEO  Kunal Bahl, COO Rohit Bansal and former senior vice president of Finance Vijay Ajmera have been summoned by a Delhi Sessions court.

Additional session Judge RK Tripathi has issued a notice on this three, after Gaurav Dua an Entrepreneur registered a complaint.

Gaurav has founded and According to him Snapdeal took his idea of inventory marketplace model in the name of giving Fund to raise his business.

Case has been filed under sections 420 (Cheating), 406 (Criminal Breach of Trust), and 120B (Criminal Conspiracy) of the IPC.

Snapdeal spokesperson said, “The allegations made in the revision petition filed by Gaurav Dua are absolutely baseless and devoid of any merit. A previous complaint filed by Dua in this regard has been dismissed by the competent court and was found to be baseless and without any merit after taking into consideration all the materials placed on the record by Dua himself. The revision petition is an abuse of the process of law and has been filed with malicious intent to harm the reputation of the named individuals. The company intends to take all legal remedies against the complainant in this regard.”

Read More: SoftBank Trying To Merge Snapdeal & Flipkart!

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Trishit Chakraborty

Technology is love, blogging is passion. Co-founder of Headline Authority. A Techworm blogger who is persuing his Engineering exposing his readers to the news arenas!

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