New Delhi: The Delhi high court on Friday appointed a provisional liquidator to wind up e-commerce website AskMe.com’s parent company Getit Infoservices Pvt Ltd, a lawyer familiar with the development said.
Justice Siddharth Mridul ordered the appointment of a liquidator in a plea by Malaysian telecom group Astro Entertainment Network Ltd, which asked for a court-appointed liquidator to wind up the now defunct e-commerce company.
News website VCCircle first reported in December 2016 that Astro had approached the Delhi high court to wind up AskMe.com.
Astro is a majority investor in AskMe.com with a 98.3% shareholding.
According to the VCCircle report, Getit had made a net loss of Rs410 crore and had liabilities of Rs460 crore as of July 2016