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Snapdeal co-founders, CFO get court summons

Summons have been issued by an additional sessions court at Saket in New Delhi to Sanpdeal co-founders Kunal Bahl and Rohit Bansal

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Fresh legal trouble could be brewing for e-marketplace operator Snapdeal.com, which is currently in the news for a possible acquisition or merger with the market leader Flipkart.com. 

Summons have been issued by an additional sessions court at Saket in New Delhi to Sanpdeal.com co-founders Kunal Bahl, Rohit Bansal and the e-marketplace's former chief financial officer Vijay Ajmera. The case in point is a two-and-half-year-old legal battle followed by a court order issued in December 2016 that has been re-challenged by Gaurav Dua, an e-retail entrepreneur and promoter of Indianretail.net.

Speaking to DNA Money, Dua said his venture was India’s first non-inventory holding marketplace model for retail in India back in 2005 and that he also holds a copyright for the same (issued in 2008). “Ajmera in collusion Bahl and Bansal deceived me in sharing business secrets and plans on the pretext of helping raise funds for my venture’s growth,” he said.

Dua’s earlier petition was dismissed by the court's December 2016 citing 'no sufficient ground to proceed against the accused'. "The judge took cognizance under section 417 of the IPC during the course of the matter in which I was being examined for two years without summoning the Snapdeal co-founders," said Dua. In his revised petition, Dua has again charged Bahl along with Bansal and Ajmera with cheating, stealing, defrauding and criminal breach of trust.
 
In this context, the additional sessions court, Saket, New Delhi, has summoned Kunal Bahl, Rohit Bansal and Vijay Ajmera to appear on May 17, 2017.

When contacted by DNA Money, a 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 Dua in this regard.”

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