Recent times have seen many e-commerce operations being shut down and staff laid such as PepperTap, Localbanya, Townrush and others. But this shutdown has got a whiff of Kingfisher Airlines, where vendors, creditors, statutory authorities and employees were left out in the cold when billionaire Vijay Mallya decided to wind down his airlines a few years back. "You have mentioned in your captioned letter that AENL does not wish to invest any further funds in the company. An HR expert, who did not want to be named, said under the Companies Act, Getit was liable to inform the government authorities in the event of non-payment to statutory authorities. The government will be on its neck if it does not announce the reason for the shutdown.

Source: dna August 25, 2016 02:48 UTC