Monday 17 April 2017

Snapdeal officials summoned for ‘stealing marketing concept’
Ecommerce major Snapdeal’s CEO Kunal Bahl and two others have been summoned by a Delhi court on a criminal complaint by an entrepreneur who alleged that his idea of connecting sellers and buyers through an e-platform was “stolen” without authorisation by the firm and its officials.
Additional Sessions Judge R.K. Tripathi issued notice to Snapdeal CEO Kunal Bahl, COO Rohit Bansal and its former chief financial officer (CFO) Vijay Ajmera for allegedly “stealing” entrepreneur Gaurav Dua’s concept of “non-inventory holding marketplace model for retail” in the garb of collaborating with him.
“Heard. Record perused. Issue notice of revision petition to respondents vide all prescribed modes returnable for May 17, 2017,” the judge said.
Mr. 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. This was dismissed by a trial court earlier. He had then filed a revision petition before the sessions court.
 Snapdeal, in a statement, dismissed the charges.
“The allegations made in the revision petition filed by Gaurav Dua are absolutely baseless and devoid of any merit,” it said.

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