All is not well; Snapdeal’s Kunal Bahl, other executives summoned over non-payment of dues
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The court has summoned
As per the complaint, Snapdeal signed up a three-year contract as a 'powered by' sponsor for six editions of the Bangalore Fashion Week but the company, Dream Merchants, did not receive the promised sponsorship of Rs 25 lakh in January 2016. The event management company approached the court due to non-payment of dues in March 2016.
Furthermore, the company claimed Snapdeal backed out of the Bangalore Fashion Week 15 days before the event in violation of the contract.
Founder of Dream Merchants,
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The clause of the contract signed by Snapdeal also forbade the event organisers from working with competitors of the marketplace for the duration of the contract.
Snapdeal said that it has not received any summon from the court yet, a copy of which was reviewed by ET. The platform has been asked to respond to the summons by May 27, 2017.
"The company will take appropriate legal recourse in the matter," said a Snapdeal spokesperson in response to a detailed query sent by ET.
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